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stranahan stranahan
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7 years ago
The term balance sheet is used because the following accounting identity must always hold:
A) Assets = Liabilities + Owners' Equity.
B) Assets = Liabilities - Owners' Equity.
C) Liabilities = Assets + Owners' Equity.
D) Owners' Equity = Liabilities + Assets.
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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flappunctualflappunctual
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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