Assets = Liabilities + Owner's Capital - Drawings + Revenues - Expenses is a correct form of the expanded basic accounting equation.

Name: Assets = Liabilities + Owner's Capital - Drawings + Revenues - Expenses is a correct form of the expanded basic accounting equation.
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The expanded accounting equation includes owner's capital, drawings, revenues, and expenses to reflect changes in equity, making the equation Assets = Liabilities + Owner's Capital - Drawings + Revenues - Expenses correct.