Select the relationship represented by the balance sheet.
A) assets + liabilities + stockholders' equity = 0
B) assets + liabilities = stockholders' equity
C) assets = liabilities + stockholders' equity
D) assets + stockholders' equity = liabilities
E) assets = liabilities - stockholders' equity

Question

Quizplus · Accepted Answer

The relationship represented by the balance sheet is that assets must equal the sum of liabilities and stockholders' equity. This is presented in the equation: assets = liabilities + stockholders' equity.

Select the Relationship Represented by the Balance Sheet