Question

Which of the following are ways of expressing the basic accounting equation? (Select all that apply.) 

Check all that apply. 

• Assets - Stockholders' Equity - Llabilities 

• Assets - Llabilities =  Stockholders' Equity 

• Assets = Liabilities + Stockholders' Equity 

• Assets + Stockholders' Equity =  Liabilities 

• Assets + Liabilities =  Stockholders' Equity

An asset is an amount _______ , while a liability is an amount _______ 

Click the answer you think is right. 

• owed; owned 

• owned; owed

Answer 1

1)

Accounting Equation

Assets = Liabilities + Shareholder's Equity

Assets - Liabilities = Stockholder's Equity

Assets - Stockholder's Equity = Liabilities

So, Options 1, 2, 3 are correct

2) Assets = Amount Owned

Liabilities = Amount Owed

Option '2' is correct