Asked by
Maria Angelika Catorce
on Dec 16, 2024
Verified
The basic accounting equation may be expressed as
A) Assets = Equities.
B) Assets - Liabilities = Owner's Equity.
C) Assets = Liabilities + Owner's Equity.
D) All of these answer choices are correct..
Assets
Resources owned by a business with future economic value that can be measured and expressed in dollars.
Equities
Financial securities representing ownership interest in a company, typically in the form of shares of stock.
- Gain an understanding of foundation accounting principles including capital, liabilities, the fundamental accounting equation, and the recording of business transactions.
Verified Answer
AE
Learning Objectives
- Gain an understanding of foundation accounting principles including capital, liabilities, the fundamental accounting equation, and the recording of business transactions.