Question

Which statement below best describes the accounting equation? Multiple Choice The change in retained earnings equals net income less dividends. Equality of revenue and expense transactions over time. Resources of the company equal creditors' and owners' claims to those resources.

Answer 1

Answer:

The correct answer is Resources of the company equal creditors' and owners' claims to those resources.

Explanation:

It can be used to determine that the income or income of the consumer is exactly equal to the expense (purchase) of goods, for the determined period of consumption. In other words, by adding the value spent on the acquisition of goods "x" and goods "y". To have such values it is enough to multiply the number of possible units to acquire - in each of the points - by their respective price and then add them; This can be done at any point in the price line.