One Way of Stating the Accounting Equation Is: Assets

question 154

True/False

One way of stating the accounting equation is: Assets + Stockholders' Equity = Liabilities.

---

Definitions:

Simple Present Tense

Simple present tense is a verb tense used to describe habits, universal truths, routines, and facts that are currently true or occur on a regular basis.

Intern

An intern is a person who works, sometimes without pay, at a trade or occupation in order to gain work experience.

Duties

Tasks or responsibilities that a person is obligated to perform.

Noun Phrase

A grammatical unit that includes a noun and functions as a subject, object, or prepositional object in a sentence, potentially also including modifiers.