The Basic Accounting Equation May Be Expressed as

question 144

Multiple Choice

The basic accounting equation may be expressed as

• A) Assets - Owner's Equity = Liabilities.
• B) Assets - Liabilities = Owner's Equity.
• C) Assets = Liabilities + Owner's Equity.
• D) All of these answer choices are correct.

---

Definitions:

Association

A connection or correlation between two or more entities, often used in psychology to refer to the link between thoughts, feelings, or experiences.

Cruelty

Deliberate actions or behavior that causes pain or suffering to others, often indicative of a lack of empathy.

Repression

A defense mechanism where unpleasant thoughts, feelings, or desires are excluded from consciousness as a protective measure.

Projection

A defense mechanism in which individuals attribute their own unwanted thoughts, feelings, or motives to another person.