In the basic accounting equation, equity. equals liabilities plus shareholder A. balance B. debt C. assets

Question

In the basic accounting equation,
equity.
equals liabilities plus shareholder
A. balance
B. debt
C. assets
D. value

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Doris 4 years 2021-08-17T03:08:00+00:00 1 Answers 6 views 0

Answers ( )

  1. Acacia
    0
    2021-08-17T03:09:37+00:00
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    Answer:

    C. assets

    Step-by-step explanation:

    The balance sheet reports a company’s assets, liabilities, and owner’s equity at a specific point in time. It shows that a company’s total amount of assets equals the total amount of liabilities plus owner’s (or stockholders’) equity.

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