Which is the basic accounting equation that is applicable to every business? a. Assets = Liabilities +

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Which is the basic accounting equation that is applicable to every business?

a. Assets = Liabilities + Owners’ Equity

b. Assets = Owners’ Equity – Liabilities

c. Assets + Liabilities = Owners’ Equity

d. Assets + Owners’ Equity = Liabilities

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Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

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Question Posted: Apr 28, 2018 08:14 AM

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Which is the basic accounting equation that is applicable to every business? a. Assets = Liabilities +

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Managerial Accounting for the Hospitality Industry

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