All of the following are acceptable ways of stating the accounting equation except:
A) owners' equity = assets - liabilities.
B) assets = liabilities + owners' equity.
C) owners' equity - liabilities = assets.
D) assets - liabilities = owners' equity.
E) liabilities = assets - owners' equity.
Question 2
Brandon, a branch manager for a large car rental company, reports to an area manager who oversees Brandon's store as well as five other stores. The area manager then reports to a regional rental manager who oversees a total of six area managers. Given that Brandon's company has a _____ structure, Brandon may feel frustrated that _______________.
A) matrix; he lacks the resources he needs to properly manage his branch.
B) line and staff; there is conflict among the employees.
C) line; he lacks the resources he needs to properly manage his branch.
D) line and staff; he has two managers.
E) matrix; he feels isolated in his current position.
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