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Author Question: Equity on the balance sheet refers to what the owners receive after liabilities have been satisfied. ... (Read 133 times)

ap345

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on: Jul 10, 2018
Equity on the balance sheet refers to what the owners receive after liabilities have been satisfied.
 
  Indicate whether the statement is true or false.

Question 2

The basic accounting identity that assets equal liabilities plus owners' equity usually, but not always, holds.
 
  Indicate whether the statement is true or false.


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amynguyen1221

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Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: TRUE

Answer to Question 2

Answer: FALSE


ap345

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Reply #2 on: Jul 10, 2018
Thank you :)


amynguyen1221

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Reply #3 on: Jul 10, 2018
Happy to help you


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