1 which of the following relationships cannot be derived, Ask an Expert

Finance

1. Which of the following relationships cannot be derived from the accounting equation

1 Assets - Liabilities = Shareholder's Equity.

2 Shareholder's Equity + Liabilities = Assets.

3 Assets - Shareholder’s Equity = Liabilities.

4 Liabilities + Assets = Shareholder’s Equity.

2. An income statement communicates information regarding revenues and expenses:

1 For a period of time.

2 At a given point in time.

3 For some point of time in the future.

4 At the beginning of the fiscal year

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92381474

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