Which of the Following Is Correct

question 40

Multiple Choice

Which of the following is correct?

• A)Assets - Liabilities = Equity
• B)Assets - Equity = Liabilities
• C)Assets = Liabilities + Equity
• D)All of the above

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Definitions:

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Research and Development

These are activities undertaken by companies or governments in pursuit of new knowledge, innovations, and product development.

GDP

Gross Domestic Product is the sum value of all finished goods and services made within a country's borders over a certain timeframe, measured in monetary terms.

Industrial Countries

Nations with highly developed economies, characterized by significant industrial activity, advanced technological infrastructure, and higher standards of living.