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Two forms of the fundamental accounting equation are A - L OE and A L OE where A represents assets L represents liabilities and OE. Brief exercises - answers below.
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Name Date CHAPTER 2 The Balance Sheet SECTION 21 REVIEW QUESTIONS page 19 1. To calculate a persons financial position list and total the 6. Two forms of the fundamental accounting equation are A - L OE and A L OE where A represents assets L represents liabilities and OE.
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