Which of the Following Statement of Financial Position Equations Is

question 71

Multiple Choice

Which of the following statement of financial position equations is correct?

• 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
• E)Assets + Current Liabilities = Long Term Liabilities - Shareholders' Equity

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