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Questions
MSB-250-300-002 Topic 2 Quiz
Single choice
The balance sheet equation states that assets = liabilities owners’ equity. Which of the following best describes the logic behind this equation?
Options
A.Assets have to be financed by either other people’s money or the owner’s money.
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Standard Answer
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Approach Analysis
The question asks for the logic behind the balance sheet equation, which is stated as assets = liabilities + owners’ equity.
Option: 'Assets have to be financed by either other people’s money or the owner’s money.' This statement captures ......Login to view full explanationLog in for full answers
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