Regarding the Accounting Equation,which of the Following Is a Correct

question 192

Multiple Choice

Regarding the accounting equation,which of the following is a correct statement?

• A) The accounting equation is made up of three parts.
• B) The accounting equation is the basic tool of accounting.
• C) Assets - Liabilities = Equity.
• D) All of the statements are correct.

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Definitions:

Periosteum

A dense layer of vascular connective tissue enveloping the bones except at the surfaces of the joints.

Endosteum

A thin vascular membrane that lines the inner surface of the bone in the medullary cavity.

Supination

The outward rotation of the forearm or foot, a movement that can influence the body's alignment and function.

Pronation

The inward roll of the foot during normal motion, or the rotational movement of the forearm that turns the palm downward.