Question: 1. True/False: Liabilities = Assets - Owners Equity 2. True/False: Interest more likely appears on an income statement than on a balance sheet 3. True/False:

1. True/False: Liabilities = Assets - Owners Equity

2. True/False: "Interest" more likely appears on an income statement than on a balance sheet

3. True/False: Net Income - Change in retained earnings = Dividends

4. True/False: Total Assets - Total Liabilities = Net Working Capital

5. True/False: When calculating a change, the later value is subtracted from the earlier value.

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