Which Statement Is Incorrect

question 21

Multiple Choice

Which statement is incorrect?

• A) Net assets, net worth, shareholders' equity and proprietorship are all synonyms for equity
• B) The settlement of a liability by the owner from his private funds results in an increase in equity
• C) Under the Framework equity exists only because there are assets and liabilities
• D) None of the statements is incorrect, i.e., all are correct

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Definitions:

Spongy Bone

A type of bone tissue that has a porous structure, providing flexibility and acting as a shock absorber within bones.

Compact Bone

A dense and strong type of bone tissue that forms the outer layer of bones, providing structural support and protection.

Osteons

Structural units found in compact bone, consisting of a central canal surrounded by concentric rings of calcified matrix.

Circumferential

Pertaining to or forming a circle or a circumference.