The Description of the Relation Between a Company's Assets, Liabilities

question 152

Multiple Choice

The description of the relation between a company's assets, liabilities, and equity, which is expressed as Assets = Liabilities + Equity, is known as the:

• A) Return on equity ratio.
• B) Accounting equation.
• C) Net income.
• D) Business equation.
• E) Income statement equation.

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Definitions:

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