Which one of the following represents the expanded basic accounting equation?
A) Assets = Liabilities + Common stock + Retained Earnings + Dividends - Revenues - Expenses.
B) Assets + Dividends + Expenses = Liabilities + Common stock + Retained Earnings + Revenues.
C) Assets - Liabilities - Dividends = Common stock + Retained Earnings + Revenues - Expenses.
D) Assets = Revenues + Expenses - Liabilities.

Question

Quizplus · Accepted Answer

The expanded basic accounting equation is: Assets = Liabilities + Common Stock + Retained Earnings + Revenues - Expenses - Dividends. Option B rearranges this correctly.

Which One of the Following Represents the Expanded Basic Accounting