Which of the following equations is correct?
A)Change in cash = Change in noncash assets
B)Change in cash = Change in liabilities + Change in stockholders' equity
C)Change in cash = Change in liabilities + Change in stockholders' equity − Change in noncash assets
D)Change in cash = Change in liabilities + Change in stockholders' equity + Change in noncash assets

Question

Quizplus · Accepted Answer

Assets = Liabilities + Stockholders' Equity
Cash + Noncash Assets = Liabilities + Stockholders' Equity
Cash = Liabilities + Stockholders' Equity − Noncash Assets
Change in cash = Change in (Liabilities + Stockholders' Equity − Noncash Assets)

Which of the Following Equations Is Correct