Which of the following is the equation form of assets?
A) income − COGS
B) gross profit − operating expenses
C) liabilities + owner's equity
D) operating profit − other revenues and expenses
E) EBT − taxes

Question

Quizplus · Accepted Answer

Assets are recorded as the sum of a company's liabilities and owner's equity as per the accounting equation: Assets = Liabilities + Owner's Equity.

Which of the Following Is the Equation Form of Assets