The Formula for the Basic Accounting Equation Is

question 25

Multiple Choice

The formula for the basic accounting equation is

• A) OWNER'S EQUITY = TOTAL LIABILITIES -TOTAL ASSETS.
• B) OWNER'S EQUITY = TOTAL ASSETS + TOTAL LIABILITIES.
• C) TOTAL ASSETS = TOTAL LIABILITIES + OWNER'S EQUITY.
• D) TOTAL ASSETS = TOTAL LIABILITIES - OWNER'S EQUITY.
• E) TOTAL LIABILITIES = TOTAL ASSETS + OWNER'S EQUITY.

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Definitions:

Gastrocnemius

A major calf muscle that's involved in walking, running, and jumping, contributing to the plantar flexion of the foot at the ankle.

Soleus

A powerful muscle in the lower leg that is involved in standing and walking; it runs from just below the knee to the heel.

Extensor Digitorum Longus

A muscle in the leg that helps to extend the toes and dorsiflex the foot.

Orbicularis Oris

A complex of muscles in the lips that encircles the mouth, controlling movements such as closing and puckering.