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klemol [59]
2 years ago
15

Which one of these equations is an accurate expression of the balance sheet? Assets ≡ Liabilities −Stockholders’ equity Stockhol

ders’ equity ≡ Assets + Liabilities Liabilities ≡ Stockholders’ equity −Assets Assets ≡ Stockholders’ equity −Liabilities Stockholders’ equity ≡ Assets −Liabilities
Business
1 answer:
Greeley [361]2 years ago
3 0

Answer:

Stockholders’ equity ≡ Assets −Liabilities

Explanation:

The Balance Sheet equation is also known as the Accounting equation. It can be written in 3 ways as :

Assets = Equity + Liabilities

or

Equity = Assets - Liabilities

or

Liabilities = Assets - Equity

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4 0
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<u />

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5 0
3 years ago
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6 0
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Hill Co. can further process Product O to produce Product P. Product O is currently selling for $60 per pound and costs $42 per
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