Given the Options Below, Identify the Correct accounting Equation Formula

question 88

Multiple Choice

Given the options below, identify the correct accounting equation formula.

• A)Assets = Liabilities + Owner's Equity.
• B)Assets + Liabilities = Owner's Equity.
• C)Assets + Owner's Equity = Liabilities.
• D)Liabilities = Assets + Owner's Equity.

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Definitions:

Cost of Play

Refers to the expenses associated with participating in a game, competition, or any form of entertainment.

Win

To achieve victory in a contest or competition.

Fair

An event or situation characterized by justice, equality, and impartiality, or an adjective describing such qualities.

Expect

To anticipate or regard as likely to happen in the future.