Which of the Following Statement of Financial Position Equations Is

question 71

Multiple Choice

Which of the following statement of financial position equations is correct?

• A)Assets - Liabilities = Shareholders' Equity
• B)Assets + Liabilities = Shareholders' Equity
• C)Assets - Current Liabilities = Long Term Liabilities
• D)Assets + Current Liabilities = Long Term Liabilities + Shareholders' Equity
• E)Assets + Current Liabilities = Long Term Liabilities - Shareholders' Equity

---

Definitions:

Frontal Lobe

is the area of the brain responsible for voluntary movement, expressive language, and for managing higher level executive functions.

Temporal Lobe

A region of the cerebral cortex involved in auditory perception, memory, and speech.

Occipital Lobe

The region of the cerebral cortex located at the back of the brain, responsible for processing visual information.

Withdrawal Response

A defensive reaction to a threat or pain, characterized by pulling away or retreating.