Balance Sheet is based upon which of the following formula?
A. Assets = Liabilities – Stockholder’s equity
B. Assets + Liabilities = Stockholder’s equity
C. Assets + Stockholder’s equity = Liabilities
D. Assets = Liabilities + Stockholder’s equity
Answer:A
Balance Sheet is based upon which of the following formula?
A. Assets = Liabilities – Stockholder’s equity B. Assets + Liabilities = Stockholder’s equity C. Assets + Stockholder’s equity = Liabilities D. Assets = Liabilities + Stockholder’s equity