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Homework answers / question archive / The correct accounting equation formula is: A
The correct accounting equation formula is:
A. Assets = Liabilities - Owner's Equity
B. Assets = Liabilities + Owner's Equity
C. Assets + Liabilities = Owner's Equity
D. Assets + Liabilities = Owner's Equity
Answer choice: B. Assets = Liabilities + Owner's Equity
The accounting equation is presented on the balance sheet of a company. The balance sheet lists total assets, liabilities, and owner's equity of a company as of the end of an accounting period. Assets are future resources of a company and liabilities represent debts or obligations of a company.
