All of the following except which are acceptable ways of stating the accounting equation?
A) owners' equity = assets - liabilities.
B) assets = liabilities + owners' equity.
C) owners' equity - liabilities = assets.
D) assets - liabilities = owners' equity.
E) assets = shareholders' equity + liabilities.

Question

Quizplus · Accepted Answer

The accounting equation is typically stated as assets = liabilities + owners' equity. Option C rearranges this equation incorrectly.

All of the Following Except Which Are Acceptable Ways of Stating