Question

Which of the following is the basic accounting equation?

A. Stockholders' or Owner's Equity = Liabilities + Assets
B. Assets = Liabilities + Income
C. Liabilities = Assets + Stockholders' or Owner's Equity
D. Assets = Liabilities + Stockholders' or Owner's Equity

Answer 1

owner's equity=liabilities+assets(A)

Answer 2

Assets=Liabilities+Stockholders' or Owner's equity

Step-by-step explanation:

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