Question: regarding Question 1 and 2 whoch one is the correct answer 1. Which of the following is referred to as the Accounting Equation? Assets =

regarding Question 1 and 2 whoch one is the correct answer

1. Which of the following is referred to as the Accounting Equation? Assets = Liabilities + Equity Equity = Liabilities + Assets Liabilities = Assets + Equity Assets = Liabilities - Equity 2. Which of the following make up the Finance Equation? (select all that apply) Revenues = Price Volume Costs = Fixed + Variable Profit = Revenues - Costs Income = Sales - COGS

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