Which of the following formulas is the expanded accounting equation for a corporation?
A) Assets + Revenues - Expenses = Liabilities + Common stock + Retained earnings - Dividends
B) Assets = Liabilities + Common stock + Retained earnings - Dividends + Revenues - Expenses
C) Assets + Liabilities + Common stock + Retained earnings = Dividends + Revenues - Expenses
D) Assets + Liabilities = Common stock + Retained earnings - Dividends + Revenues - Expenses
Correct Answer:
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