Question: 2. Given that A = Assets, L = Liabilities, and OE = Owner's Equity, the accounting equation is a) A + OE = L Ob)

2. Given that A = Assets, L = Liabilities, and OE = Owner's Equity, the accounting equation is a) A + OE = L Ob) A - L = OE C) A+L = OE d) L - OE = A Other: 3. Liabilities are which of the following? a) Future economic benefits of the company b) Retained earnings of the business c) Amount of money invested in the business by the owner d) Amount of money owed to the others Other

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