Which of the Following Is an Appropriate Representation of the Accounting

question 57

Multiple Choice

Which of the following is an appropriate representation of the accounting equation?

• A) Assets + Liabilities = Stockholders' equity
• B) Assets = Liabilities + Stockholders' equity
• C) Assets = Liabilities
• D) Assets = Liabilities + Retained earnings

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Definitions:

Line-Angle Structure

A simplified way to draw organic molecules where lines represent bonds and the ends of lines or intersections represent carbon atoms.

Line-Angle Formula

A simplified chemical drawing that uses lines to represent bonds between atoms, omitting the symbols for carbon and hydrogen atoms.

Skeletal Structure

A simplified representation of organic molecules highlighting the bonds between carbon atoms without explicitly drawing hydrogen atoms.

Condensed Formulas

A method of writing a formula of a compound using the line bond structure but omitting the lines representing bonds to simplify the representation.