Which Equality Is the Basis for the Statement of fiNancial

question 26

Multiple Choice

Which equality is the basis for the statement of financial position?

• A)Non-current Assets = Shareholder's Equity + Current Assets
• B)Assets = Liabilities + Shareholder's Equity
• C)Assets = Current Non-current liabilities + Retained Earnings
• D)Non-current Assets = Liabilities + Shareholder's Equity
• E)None of the above.

---

Definitions:

Good Work

Work that is not only high in quality but also ethically responsible and socially beneficial.

Reversibility

The property of a process or action to be reversed, returning to its original state or condition without significant changes or consequences.

Ethical Screen

A set of criteria or principles used to make decisions that align with one's ethical or moral standards.

Social Responsibility

The obligation of individuals, groups, and organizations to act in a way that benefits society at large, including ethical practices, sustainability efforts, and community engagement.