How is property divided in a divorce according to equitable principles?

In the context of divorce, property division according to equitable principles aims to achieve a fair distribution, rather than an equal one. This approach recognizes that both spouses may have contributed to the marital estate in various ways, and it considers multiple factors that can impact what constitutes a just division.

When property is divided equitably, judges typically analyze considerations such as the duration of the marriage, each spouse's financial and non-financial contributions, the economic circumstances of both parties at the time of division, and the needs of any children. This nuanced approach allows for a tailored resolution that reflects the unique circumstances of each couple.

The other options suggest rigid criteria - such as basing division strictly on the length of the marriage, custody arrangements, or who purchased the assets - which do not incorporate the comprehensive assessment necessary for equitable distribution. Therefore, option C is the most accurate, as it embodies the principle of fairness based on a variety of relevant factors.