Which of the Following Is an Accounting Identity Related to Assets

question 115

Multiple Choice

Which of the following is an accounting identity related to assets and liabilities on a bank's balance sheet?  

• A) Assets are always less than liabilities. 
• B) Assets equal liabilities plus net worth. 
• C) Assets equal liabilities minus net worth. 
• D) Liabilities equal assets plus net worth.

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Definitions:

Bishop Maximianus

A historical figure, often associated with Ravenna in Italy, known for his contributions to Christian art and architecture during the 6th century.

Naming Inscription

An inscription on an artifact, building, or monument that names the maker, sponsor, or purpose of the item, often used for dedication or commemoration.

Theotokos

is a title used in Christianity, particularly in Eastern Orthodoxy, referring to the Virgin Mary as the Mother of God, emphasizing her role in Christ's conception.

Empress Zoe

A Byzantine empress of the 11th century known for her political influence and succession of husbands to maintain power.