Which of the Following Calculations Is a Formal Expression of the Accounting

question 109

Multiple Choice

Which of the following calculations is a formal expression of the accounting equation?

• A) assets - owners' equity = liabilities
• B) assets = liabilities + owners' equity
• C) assets + liabilities = retained earnings
• D) assets + liabilities = owners' equity

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Definitions:

Molecule

The smallest unit of a chemical compound that can exist; composed of two or more atoms bonded together.

Synapse

The junction between two neurons or between a neuron and a muscle, where electrical or chemical signals are transmitted across the gap.

DNA

Deoxyribonucleic acid, a molecule that carries genetic instructions used in growth, development, functioning, and reproduction of all known living organisms and many viruses.

Geneticists

Scientists who study genes, genetic variation, and heredity in living organisms.