Mergers & Acquisitions Question:
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List the elements of the accounting equation?
Answer:
★ The elements of accounting are Assets, Liabilities, and Owner Equities.
★ The way to remember this would be through the acronym ALOE
★ The accounting equation is Assets = Liabilities + Owners' Equities
★ The way to remember this would be through the acronym ALOE
★ The accounting equation is Assets = Liabilities + Owners' Equities
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