TB MC Qu.01-110(Static) The description of the relation... The description of the relation...

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Accounting

TB MC Qu.01-110(Static) The description of the relation...
The description of the relation between a company's assets, liabilities, and equity, which is expressed as Assets = Liabilities + Equity, is known as the:
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Income statement equation.
Accounting equation.
Business equation.
Return on equity ratio.
Net income.
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