On a Balance Sheet

question 161

Multiple Choice

On a balance sheet,

• A)total assets must equal total liabilities plus equity.
• B)total assets plus equity must equal total liabilities.
• C)total assets plus total liabilities must equal zero.
• D)total assets plus total liabilities plus equity must equal zero.

---

Definitions:

Delirium

An acute and often fluctuating mental disorder characterized by confusion, disturbed concentration, and cognitive dysfunction.

Conservatorship

A legal concept where a court appoints an individual or organization to manage the financial and personal affairs of another due to physical or mental limitations.

Delusions

False beliefs held with strong conviction despite superior evidence to the contrary, commonly observed in psychiatric conditions such as schizophrenia.

Acetylcholine

A neurotransmitter that plays a significant role in the peripheral and central nervous systems, involved in muscle activation, memory formation, and learning.