Given below are two statements. One is labelled Assertion (A) and the other is labelled Reason (R). 

Assertion (A): Meiosis-II is known as equational or homotypic division.
Reason (R): Meiosis-II produces the same number of chromosomes as in the original cell formed after meiosis I. 
In light of the above statements, choose the correct answer from the options given below. 

The assertion is correct. Meiosis-II, the second division of meiosis, is known as equational division because it results in the separation of sister chromatids without a reduction in chromosome number. Each chromosome in the cell still consists of a single chromatid after meiosis-II, making it equational.
Reason is correct and supports Assertion (A). In meiosis-II, the chromatids of each chromosome separate, but the number of chromosomes in each resulting cell remains the same as in the original cell formed after meiosis I. Meiosis-II divides the haploid cells produced in meiosis-I into two daughter cells, each containing the same number of chromosomes as the parent cell. Therefore, meiosis-II indeed produces the same number of chromosomes in a cell.

Therefore, Reason (R) provides a valid explanation for why Assertion (A) is true. Meiosis-II is indeed equational division, producing daughter cells with the same number of chromosomes as the parent cell.