Which One of the Following Represents the Expanded Basic Accounting

question 162

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:

Net Capital Outflow

The difference between domestic residents’ investments abroad and foreigners’ investments in the domestic economy.

Net Exports

The value of a country's exports minus the value of its imports, reflecting the balance of trade between a country and its trading partners.

Turkish Currency

The currency of Turkey, known as the Turkish Lira, is the unit of currency used in Turkey.

Net Exports

The value of a country's total exports minus its total imports, reflecting the balance of trade.