Which of the Following Balance Sheet Equations Is INCORRECT

question 64

Multiple Choice

Which of the following balance sheet equations is INCORRECT?

• 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

---

Definitions:

Social Support

The assistance and comfort received from friends, family, and others, critical for maintaining psychological well-being.

Breast Cancer

A type of cancer that develops from breast tissue, characterized by the uncontrolled growth of breast cells.

Successful Recovery

The process through which individuals are able to overcome the challenges associated with addiction, mental illness, or other health issues, leading to improved health, wellness, and quality of life.

Supportive Husband

A spouse who provides emotional, physical, and practical support to his partner, contributing to a positive and understanding relationship environment.