Profits = liability + stockholders'' equity

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Reference no: EM13748812

2. Which of the following equations is correct?
a. Profits = Long-Term Assets + Short-Term Assets
b. Profits = Liability + Stockholders' Equity
c. Profits = Accounts Receivable - Accounts Payable
d. Profits = Market Value - Book Value
e. Profits = Revenues - Expenses

Reference no: EM13748812

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