The basic balance sheet relationship is:
A. assets plus owner's equity equal liabilities.
B. assets plus liabilities equal owner's equity.
C. assets equal liabilities plus owner's equity.
D. assets equal owner's equity minus liabilities.
Answer: C
You might also like to view...
The ________ is the potential profit generated by a single customer's purchase of a firm's products over the customer's lifetime
A) lifetime value of a customer B) priority of a customer C) segmentation of a customer D) share of a customer E) equity of a customer
Firms must have the right connectors in place in order to deliver a message effectively
Indicate whether the statement is true or false
A corporation has no constitutional protection against unreasonable searches and seizures
a. True b. False Indicate whether the statement is true or false
Shylock Bank offers a savings account with a nominal rate of 7% and daily compounding. What is the effective rate of the account? (Assume a 365 day year.)
A) 7.25% B) 7.00% C) 7.50% D) 7.10% E) 7.05%