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

Discuss the impact of globalization on developing countries and the global economy.

Understand the role and influence of corporations in the Canadian economy.

Define oligopoly and its examples in the current market scenario.

Explain the deskilling thesis and its criticisms.

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Definitions:

Price-Elastic

A characteristic of goods or services for which demand significantly changes with small changes in price.

Marginal Revenue

The revenue increase from the sale of an additional unit of a good or service.

Marginal Cost

The additional cost incurred by producing one more unit of a product.

Raise Price

An action taken by a seller to increase the selling price of a product or service, often in response to higher costs or in an attempt to increase profits.