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BaLLatris [955]
3 years ago
10

On a balance sheet, a. total assets must equal total liabilities plus equity. b. total assets plus equity must equal total liabi

lities. c. total assets plus total liabilities must equal zero. d. total assets plus total liabilities plus equity must equal zero. Quizlet
Business
1 answer:
Elden [556K]3 years ago
4 0

Answer:

a. total assets must equal total liabilities plus equity.

Explanation:

Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

The debit and credit side of the balance sheet should always be equal and balanced.  

Moreover, it always is prepared on the specified date.

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Answer:

b. present both offers at the same time

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An agent should be Palin and explicit with his principal and in this sense should present all relevant details that would affect the principal on agreement made. In the above case, the agent must present all offers to the principal regardless of whether they seem unfavourable to the principal/seller and also in a timely manner. It does not matter therefore if the offers don't look good and that the seller is likely to reject it so long as the agent gives all information concerning all offers.

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