The accounting equation is out of balance when a. ending cash does not equal ending net income.
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Question:
The accounting equation is out of balance when
a. ending cash does not equal ending net income.
b. total assets do not equal the total liabilities plus stockholders' equity.
c. ending retained earnings does not equal net income.
d. the ending balance on the statement of cash flows does not equal the ending balance of total assets on the balance sheet.
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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