Which of the Following Statements Is the Rationale for the Accounting

question 159

Multiple Choice

Which of the following statements is the rationale for the accounting equation?

• A) A firm is worth its equity minus its assets.
• B) Assets must equal earnings minus expenses.
• C) What the firm owns minus what it owes creditors equals what it is worth to its owners.
• D) The firm's profit is equal to its revenue minus its expenses.

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Definitions:

Active Euthanasia

The practice of intentionally ending a life to relieve pain and suffering, typically through the administration of lethal substances.

Passive Euthanasia

The act of withholding or withdrawing medical treatments or interventions, allowing a person to die naturally, often discussed in the context of end-of-life care.

Significant Moral Difference

A substantial distinction, based on ethical or moral grounds, that affects how situations or actions are evaluated.

Prima Facie Duty

A duty that is apparent and obligatory until proven otherwise, often used in ethical discussions to describe actions that appear morally necessary at first glance.