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:

Nuclear Family

A group consisting of one or two parents and dependent offspring, which may include a stepparent, stepsiblings, and adopted children. Until recently, this term referred only to the father, mother, and child(ren) unit.

Colonized

The action or process of settling among and establishing control over the indigenous people of an area.

English

A West Germanic language originating in England and now widely spoken and recognized as an official or global lingua franca.

Maori

The indigenous Polynesian people of mainland New Zealand, who have a rich culture with traditional language, mythology, crafts, and performing arts.