Which of the Following Equations Is Correct

question 133

Multiple Choice

Which of the following equations is correct?

• A)Assets plus Liabilities = Equity.
• B)Assets = Liabilities minus Equity.
• C)Liabilities = Assets plus Equity.
• The Accounting Information System 3 - 9
• D)Equity = Assets minus Liabilities.

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Definitions:

Harmonizing Conflict

involves the process of resolving disputes and differences in a manner that promotes unity and cooperation among parties involved.

Evaluating Effectiveness

The process of assessing how well a plan, program, or project achieves its objectives and desired outcomes.

Cohesion

The force that holds a group together by promoting feelings of unity and purpose among its members.

Internal Competition

The rivalry among employees or departments within the same organization, often for resources, recognition, or promotion.