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Which statement is false?
Accounting Equation
The accounting equation is the fundamental framework of double-entry bookkeeping, stating that Assets = Liabilities + Equity, ensuring financial statements are balanced.
Liabilities
Financial obligations or debts that a company owes to external parties or entities.
Stockholders' Equity
The portion of a company's assets that is owned outright by the stockholders, calculated as the difference between total assets and total liabilities.
Increase Assets
Refers to the growth in the economic resources owned or controlled by a business that can produce value.
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