Which One of the Following Represents the Expanded Basic Accounting

question 89

Multiple Choice

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.

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Definitions:

Cutting Pattern

A plan or diagram used to cut materials in a manner that minimizes waste while meeting production requirements, common in industries like manufacturing and textiles.

Net Present Value

A financial metric that calculates the present value of an investment's cash inflows and outflows over time to determine its profitability.

Budget

An estimate of income and expenditure for a set period of time, often used to plan and control finances within organizations or by individuals.

Orlando

A city in central Florida, known for its theme parks, including Walt Disney World and Universal Studios.