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Author Question: Which of the following formulations of the accounting equation is incorrect? a. assets - ... (Read 110 times)

mikaylakyoung

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on: Jul 5, 2018
Which of the following formulations of the accounting equation is incorrect?
 
  a. assets - liabilities = equity
  b. assets = liabilities + equity
  c. assets = liabilities + opening equity + (revenues - expenses) + (owner additions to  withdrawals from equity)
  d. assets = liabilities - equity

Question 2

A table is in ___________________ ___________ if it is in first normal form and no non-key attribute is dependent on only a portion of the primary key.
 Fill in the blank(s) with correct word


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jesse.fleming

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Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

second normal form (2NF)
2NF
second normal form


mikaylakyoung

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

coreycathey

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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