Question: (0.5 point) 4. Assets include a) cash b) inventory c) equipment d) all of the above (0.5 point) 5. Assets minus liabilities equals a) capital

(0.5 point) 4. Assets include a) cash b) inventory c) equipment d) all of the above (0.5 point) 5. Assets minus liabilities equals a) capital b) owners' equity c) profit d) income 6. Which of the following is the accounting equation? (0.5 point) a) Assets = Owners' equity - Liability b) Assets = Owners' equity + Liability c) Assets = Owners' equity + Liability d) Assets = Liability - Owners' equity

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