Which One of the Following Represents the Expanded Basic Accounting

question 50

Multiple Choice

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

• A) Assets = Liabilities + Contributed capital + Retained Earnings + Revenues - Expenses - Dividends
• B) Assets = Revenues + Expenses - Liabilities
• C) Assets - Liabilities - Dividends = Contributed capital + Revenues - Expenses
• D) Assets + Liabilities = Dividends + Expenses + Contributed capital + Revenues

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Definitions:

Carol Dweck

A psychologist known for her work on the mindset psychological trait, particularly fixed versus growth mindsets.

Self-Esteem

Self-esteem refers to an individual's sense of their own worth or value, impacting their confidence and well-being.

Growth Mindset

The belief that abilities can be developed through dedication and hard work, which fosters a love of learning and resilience essential for great accomplishment.

Self-Esteem

The confidence and value that a person attributes to themselves, impacting their feelings and actions.