Which One of the Following Represents the Expanded Basic Accounting

question 59

Multiple Choice

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

• A) Assets = Liabilities + Share Capital-Ordinary account + Retained Earnings + Dividends - Revenue - Expenses.
• B) Assets + Dividends + Expenses = Liabilities + Share Capital-Ordinary + Retained Earnings + Revenues.
• C) Assets - Liabilities - Dividends = Share Capital-Ordinary + Retained Earnings + Revenues - Expenses.
• D) Assets = Revenues + Expenses - Liabilities.

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Definitions:

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis; it suggests there is an actual effect or difference.

Two-sided Test

A statistical test that considers both directions of effect by evaluating whether a parameter is either significantly higher or lower than a hypothesized value, allowing for rejection of the null hypothesis for deviations in two directions.

P-value

A metric used in statistics to assist researchers in assessing the importance of their findings, signifying the chance of achieving the observed outcomes assuming the null hypothesis is accurate.

Test Statistic

A calculated value that is used to assess the evidence against the null hypothesis in a statistical test.