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:

Secondary Stakeholders

Groups or individuals who are indirectly affected by a company's operations, such as the wider community, government, or trade associations, differing from primary stakeholders like customers and employees.

Consumer Trust

The confidence consumers have in the safety, quality, and integrity of the products and services they purchase and the companies that provide them.

Public Health

A field of study and practice focused on protecting and improving the health of people and their communities through education, policy-making, and research for disease and injury prevention.

Community

A group of people living in the same place or having a particular characteristic in common, often marked by a sense of belonging or shared identity.