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Which three components make up the fundamental accounting equation?Multiple select question.expensesassetsincomeliabilitiesowners' equity

Question

Which three components make up the fundamental accounting equation?Multiple select question.expensesassetsincomeliabilitiesowners' equity

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Solution

The three components that make up the fundamental accounting equation are:

  1. Assets
  2. Liabilities
  3. Owners' Equity

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