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Financial Accounting > Statement of Financial Position Formulas > Flashcards

Statement of Financial Position Formulas Flashcards

1
Q

Assets (resources held by the company)?

A

Liabilities + Equity

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2
Q

Liabilities?

A

Current liabilities + Non-current liabilities

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3
Q

Assets?

A

Current assets + Non-current assets

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4
Q

Equity

A

Assets - Liabilities

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Financial Accounting (11 decks)

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