In the following formula: Equity Total assets - Total liabilities, which is a rearrangement of the...

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In the following formula: Equity Total assets - Total liabilities, which is a rearrangement of the basic accounting equation, demonstrates the concept that. = equity represents a positive claim and can be negative equity represents an unreported claim and can be both positive and negative O equity represents a residual claim and can be negative equity represents a negative claim and can be positive In the following formula: Equity Total assets - Total liabilities, which is a rearrangement of the basic accounting equation, demonstrates the concept that. = equity represents a positive claim and can be negative equity represents an unreported claim and can be both positive and negative O equity represents a residual claim and can be negative equity represents a negative claim and can be positive

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