Which of the following is the normal way to present the accounting equation?

Assets = Liabilities + Owners’ equity

Liabilities = Assets – Owners’ equity

Assets – Liabilities = Owners’ equity

Assets – Liabilities – Owners’ equity = 0

Quiz

mid term

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1Which of the following is the normal way to present the accounting equation?
1. ALiabilities = Assets – Owners’ equity
2. BAssets – Liabilities = Owners’ equity
3. CAssets = Liabilities + Owners’ equity
4. DAssets – Liabilities – Owners’ equity = 0
22. A business has $250,000 total liabilities. At start-up, the owners invested $500,000 in the business. Unfortunately, the business has suffered a cumulative loss of $200,000 up to the present time. What is the amount of its total assets at the present time?
1. A500
2. B600
3. C550
4. D650