Which of the following is not a satisfactory statement of the accounting equation?

a. Assets = Liabilities + Stockholders' Equity
b. Assets – Stockholders' Equity = Liabilities
c. Assets = Liabilities – Stockholders' Equity
d. Assets – Liabilities = Stockholders' Equity


C

Business

You might also like to view...

Net income is another term for revenues

Indicate whether the statement is true or false

Business

Cox, North, and Lee form a partnership. Cox contributes $186,000, North contributes $155,000, and Lee contributes $279,000. Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $171,000 for its first year, what amount of income is credited to Cox's capital account? (Do not round your intermediate calculations.) 

A. $51,300. B. $42,750. C. $58,800. D. $57,000. E. $76,950.

Business

Explain the differences between internal and external proposals, as well as solicited and unsolicited proposals

Business

Estate planning is much less important for married people than for single people

Indicate whether this statement is true or false.

Business