The Balance Sheet Format That Reflects the Accounting Equation in Its

question 62

Multiple Choice

The Balance Sheet format that reflects the accounting equation in its layout is the:

• A)account form.
• B)report form.
• C)equation form.
• D)liquidity form.

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Definitions:

Predetermined

Something established or decided in advance, not subject to change or influence by subsequent events.

Actualization Tendency

The innate drive in humans towards growth, fulfillment of potential, and self-realization, often associated with the humanistic psychology of Carl Rogers.

Biological Instincts

Innate impulses or drives present in all individuals that guide behavior and ensure survival.

Conditional Positive Regard

Acceptance and love from others that is contingent upon one's behavior meeting certain conditions or expectations.