McqMate
| Q. |
Balance Sheet is based upon which of the following formula? |
| A. | assets = liabilities – stockholder’s equity |
| B. | assets + liabilities = stockholder’s equity |
| C. | assets + stockholder’s equity = liabilities |
| D. | assets = liabilities + stockholder’s equity |
| Answer» D. assets = liabilities + stockholder’s equity | |
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