Question: Which is a true statement regarding the accounting equation? A . The equation consists of three parts: assets, liabilities, and net income. B . The

Which is a true statement regarding the accounting equation?
A. The equation consists of three parts: assets, liabilities, and net income.
B. The equation is an optional tool for accountants to use.
C. The equation can be stated as assets minus liabilities equals equity.
D. The equation does not need to balance during a specific period.
Which is a true statement regarding the accounting equation? A. The

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