Question

what is the expansion of accounting equation​

Answer 1

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The expanded accounting equation is the same as the common accounting equation but decomposes equity into component parts. The components of equity include contributed capital, retained earnings, and revenue minus dividends. Total assets and total liabilities are also accounted for.

Answer 2

Answer:

The expanded accounting equation is the same as the common accounting equation but decomposes equity into component parts. The components of equity include contributed capital, retained earnings, and revenue minus dividends. Total assets and total liabilities are also accounted for.

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