Expanded version of the accounting equation
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An expanded version of the accounting equation could be:
A + Rev = L + OE - Exp
A - L = Paid-in Capital - Rev - Exp
A + Exp = L + Beginning Paid-in Capital + Rev
A = L + Paid-in Capital - Rev + Exp
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Answers a multiple choice question on expanded version of the accounting equation.
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An expanded version of the accounting equation could be:
A + Rev = L + OE - Exp
A - L = Paid-in ...
Purchase this Solution
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