Question: The basic accounting equation can be restated in terms of cash by the following equation: Cash=current liabilities+long-term liabilities+capital stock-retained earnings-noncash current assets+longterm assets True or

The basic accounting equation can be restated in terms of cash by the following equation: Cash=current liabilities+long-term liabilities+capital stock-retained earnings-noncash current assets+longterm assets

True or false?

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