Which of the Following Balance Sheet Equations Is INCORRECT

question 33

Multiple Choice

Which of the following balance sheet equations is INCORRECT?

• A)Assets = Liabilities + Shareholders' Equity
• B)Assets - Current Liabilities = Long-term Liabilities + Shareholders' Equity
• C)Assets - Liabilities = Shareholders' Equity
• D)Assets - Current Liabilities = Long-term Liabilities

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