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maksim [4K]
4 years ago
9

Which one of the following represents the expanded basic accounting equation?

Business
1 answer:
DaniilM [7]4 years ago
4 0

Answer:

Option B.

Explanation:

Basic accounting equation is

Assets = Liabilities + Equity

where,

Equity = Capital + Retained earnings

Retained earnings = Revenue - Expenses - Dividend

On combining these formula, we get

Assets = Liabilities + Capital + Revenue - Expenses - Dividend

It can be rewritten as

Assets + Dividend + Expenses = Liabilities + Capital + Revenue

Assets + Dividends + Expenses = Liabilities + Common stock + Retained Earnings + Revenues

Therefore, the correct option is B.

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Explanation:

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2 years ago
During the current year, Sedgewick Inc. had sales on account of $264,000, cash sales of $108,000, and collections on account of
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B. $96,000

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7 0
4 years ago
PUILPie CIUILE QUSLU11 00
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The journal entry to record the issuance of new stocks is:

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pure monopolist who is nondiscriminating must decrease price on all units of a product sold in order to sell additional units. T
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