Which of the Following Is Correct

question 79

Multiple Choice

Which of the following is correct?

• A)liabilities = assets - owner's equity
• B)owner's equity = assets + liabilities
• C)assets = liabilities - owner's equity
• D)assets = owner's equity - liabilities

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Definitions:

Visualization

The process of forming a mental image of something.

Motivation Strategy

A plan or method implemented to inspire and encourage individuals or teams to achieve their goals.

ABC Method

A time management approach that categorizes tasks based on their importance, with 'A' being the most critical tasks.

Activate

To start or turn on a process or device, bringing it into action or making it operative.