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:

Business Crime

Illegal acts, such as fraud, bribery, insider trading, and embezzlement, committed by individuals or corporations to achieve a financial or professional advantage.

Personal Liability

Legal responsibility of an individual to fulfill debts or obligations from his or her own assets.

Sixth Amendment

A provision in the United States Constitution guaranteeing the rights of criminal defendants, including a speedy trial and legal representation.

Speedy Trial

A legal right guaranteeing accused individuals a swift trial to avoid undue or prolonged incarceration without conviction.