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

Question

Quizplus · Accepted Answer

The expanded basic accounting equation is: Assets = Liabilities + Common Stock + Revenues - Expenses - Dividends. Rearranging terms, it can also be expressed as Assets + Dividends + Expenses = Liabilities + Common Stock + Revenues.

Which One of the Following Represents the Expanded Basic Accounting