___________ controls focus on the implementation of strategy and relate to specific, functional areas within the organization

Which of the following balance sheet equations is NOT CORRECT?

A) Assets - Current Liabilities = Long-Term Liabilities B) Assets - liabilities = Shareholders' Equity C) Assets = Liabilities + Shareholders' Equity D) Assets - Current Liabilities = Long-Term Liabilities + Shareholders' Equity

Assets you own, including such items as stocks, bonds, or real estate, are commonly termed

A) capital assets. B) monetary assets. C) current assets. D) intangible assets.