Which Statement Below Best Describes the Accounting Equation

question 170

Multiple Choice

Which statement below best describes the accounting equation?

• A)The change in retained earnings equals net income less dividends.
• B)Equality of revenue and expense transactions over time.
• C)Resources of the company equal creditors' and owners' claims to those resources.
• D)Financing activities equal investing and operating activities.

---

Definitions:

Scenario Planning

A strategic planning method used by organizations to make flexible long-term plans based on anticipating possible future scenarios and their impacts on business.

HR Demand

The need within an organization for human resources to fill specific roles or accomplish tasks.

Human Resources Forecasting

Estimating future HR requirements and availabilities, considering factors such as organizational growth, technological advances, and economic trends, to align workforce planning with strategic goals.

Validity And Reliability

Criteria used to evaluate the accuracy (validity) and consistency (reliability) of a research method or measurement tool.