Which One of the Following Is Equivalent to the Expanded

question 158

Multiple Choice

Which one of the following is equivalent to the expanded basic accounting equation?

• A) Assets = Liabilities + Owner's Capital + Owner's Drawings - Revenues - Expenses.
• B) Assets + Owner's Drawings + Expenses = Liabilities + Owner's Capital + Revenues.
• C) Assets - Liabilities - Owner's Drawings = Owner's Capital + Revenues - Expenses.
• D) Assets = Revenues + Expenses - Liabilities.

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