The fundamental accounting equation is
a. None of the answers listed
b. Assets + Owner's Equity = Liabilities
c. Assets + Liabilities = Owner's Equity
d. Assets = Liabilities + Owner's Equity
d
You might also like to view...
A projective technique in which the respondent is required to construct a response in the form of a story, dialogue, or description is called the ________
A) association technique B) completion technique C) construction technique D) expressive technique E) evaluation technique
All of the following are normally found in a corporation's stockholders' equity section except
A) Common Stock B) Paid-In Capital in Excess of Par C) Dividends in Arrears D) Retained Earnings
________ are generally independent of the volume of units produced and sold
A) Fixed costs B) Variable costs C) Profits D) Average cost
An executory contract between a minor and an adult is
a. absolute. b. voidable by the adult. c. voidable by the minor only. d. a void agreement.