Which of the Following Equations Is Correct

question 34

Multiple Choice

Which of the following equations is correct?

• A) Net income = Shareholders' equity at the end of period t + Shareholders' equity at the beginning of period t (all other things being equal)
• B) Net income = Shareholders' equity at the end of period t+1 + Shareholders' equity at the beginning of period t (all other things being equal)
• C) Net income = Shareholders' equity at the end of period t - Shareholders' equity at the beginning of period t-1 (all other things being equal)
• D) Net income = Shareholders' equity at the end of period t - Shareholders' equity at the beginning of period t (all other things being equal)

---

Definitions:

Zoning Rights

Legal regulations that determine how land within certain areas can be used, affecting building and development.

Community Property

A legal concept used in some states that dictates that property acquired by either spouse during the marriage is owned equally by both spouses.

Easement

A right granted to use another person's property for a specific purpose, such as right of way.

Joint Tenancy

A form of property ownership in which two or more parties own a property together, with rights of survivorship.