Which One of the Following Represents the Expanded Basic Accounting

question 77

Multiple Choice

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

• A)Assets = Liabilities + Common Shares + Retained Earnings + Revenues - Expenses - Dividends Declared.
• B)Assets + Liabilities = Dividends Declared + Expenses + Common Shares + Revenues.
• C)Assets - Liabilities - Dividends Declared = Common Shares + Revenues - Expenses.
• D)Assets = Revenues + Expenses - Liabilities.

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Definitions:

Grouped Frequency Distribution

A way of summarizing data by grouping values together into classes or intervals and displaying the count of data points within each class.

Interval

A type of variable measurement scale that represents ordered categories with equal distances between adjacent categories but no true zero point.

Ratio

A quantitative relationship between two numbers showing how many times the first number contains the second.

Pie Chart

A circular statistical graphic which is divided into slices to illustrate numerical proportion.