Which of the Following Is the Correct Accounting Equation

question 14

Multiple Choice

Which of the following is the correct accounting equation?

• A)Assets = Liabilities + Owner's Equity
• B)Assets + Owner's Equity = Liabilities
• C)Assets = Liabilities - Owner's Equity
• D)Assets + Liabilities = Owner's Equity

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Definitions:

Cognitive Therapy

A type of psychotherapy that emphasizes the role of cognitive processes in the development and maintenance of psychological disorders, aiming to alter maladaptive thinking patterns.

Cognitive Therapy

A form of psychological treatment that focuses on changing unhelpful or dysfunctional thoughts, beliefs, attitudes, and behaviors, aiming to improve emotional regulation and develop personal coping strategies.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud, focusing on unconscious motives and conflicts.

Token Economy

A behavioral modification technique where desired behaviors are reinforced with tokens that can be exchanged for rewards.