An expanded version of the accounting equation could be:
A)Assets + Revenues = Liabilities + Stockholders' Equity − Expenses
B)Assets − Liabilities = Paid-in Capital − Revenues − Expenses
C)Assets = Liabilities + Paid-in Capital + Beginning Retained Earnings + Revenues − Expenses − Dividends
D)Assets = Liabilities + Paid-in Capital − Revenues + Expenses

Question

Quizplus · Accepted Answer

The expanded accounting equation includes components of equity such as paid-in capital, beginning retained earnings, revenues, expenses, and dividends, which are all part of the equity section.

An Expanded Version of the Accounting Equation Could Be