The Basic Accounting Equation May Be Expressed as

question 138

Multiple Choice

The basic accounting equation may be expressed as

• A)Assets = Equities.
• B)Assets - Liabilities = Stockholders' Equity.
• C)Assets = Liabilities + Stockholders' Equity.
• D)All of these answers are correct.

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Definitions:

Human Relationships

The social connections and interactions that exist between individuals in various contexts such as family, work, and society at large.

Social Responsibility

The concept that businesses should contribute to the welfare of their communities and the environment as well as be attentive to social, economic, and environmental issues.

Community Expectations

The norms and standards that members of a community expect others within the group to adhere to.

Executive Order

A directive issued by a president or governor with the force of law, often without the need for legislative approval.