Learn the differences between Assets and Liabilities, and how to calculate Total Equity. Understand Balance Sheet items like Cash, Accounts Receivable, and Deferred Revenue.

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Concepts

balance sheet, equity

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Additional Tags

cash, accounts receivable, and deferred revenue, interpreting the balance sheet, khan academy, khan academy: interpreting the balance sheet, calculate total equity, differences between assets and liabilities, total assets, total equity, total liabilities

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Classroom Considerations

Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
The intended use for this resource is Practice

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