Question: Which is a true statement regarding the accounting equation? Question content area bottom Part 1 A . The equation can be stated as assets minus

Which is a true statement regarding the accounting equation?
Question content area bottom
Part 1
A.
The equation can be stated as assets minus liabilities equals equity.
B.
The equation consists of three parts: assets, liabilities, and net income.
C.
The equation is an optional tool for accountants to use.
D.
The equation does not need to balance during a specific period.

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