Which of the Statements Below Is TRUE

question 75

Multiple Choice

Which of the statements below is TRUE?

• A)Accounting Identity is: Assets ≡ Liabilities - Owners' Equity.
• B)Accounting Identity is: Assets ≡ Liabilities + Owners' Equity.
• C)Accounting Identity is: Assets ≡ Owners' Equity - Liabilities.
• D)Accounting Identity is: Liabilities ≡ Assets + Owners' Equity.

---

Definitions:

Analytical Thinking

The process of breaking down complex information into smaller components for better understanding or problem solving.

Logical

Pertaining to or characterized by clear, rational, and coherent reasoning or thinking.

Younger Adolescents

Individuals who are in the early stages of adolescence, typically around the ages of 10-14.

Analytic Thought

The process of breaking down complex information into smaller components for better understanding, assessment, or decision-making.