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 can be stated as assets minus liabilities equals equity.
C. The equation does not need to balance during a specific period.
D. The equation is an optional tool for accountants to use.
Which is a true statement regarding the

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