Examlex
Which of the following identifies how data is represented in a chart?
Accounting Equation
The foundational principle in accounting that states assets equal liabilities plus shareholders' equity.
Profitable
Refers to a financial state where income exceeds expenses, resulting in a positive gain.
Accounting Equation
The foundation of double-entry bookkeeping, which asserts that assets equal the sum of liabilities and shareholders' equity.
Owner's Equity
The residual interest in the assets of an entity after deducting liabilities; it represents the ownership interest of the shareholders or owner in the company.
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