Which of the following equations represents the balance sheet?
A). Assets + Liabilities = Shareholders’ equity
B). Assets = Liabilities = shareholders’ equity
C). Assets = Liabilities – Shareholders’ equity
D). Assets = Liabilities + Shareholders’ equity
Answer:D
Which of the following equations represents the balance sheet?
A). Assets + Liabilities = Shareholders’ equity B). Assets = Liabilities = shareholders’ equity C). Assets = Liabilities – Shareholders’ equity D). Assets = Liabilities + Shareholders’ equity