The expanded accounting equation under IFRS is as follows: (a) Assets = Liabilities + Common Stock +
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The expanded accounting equation under IFRS is as follows:
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(a) Assets = Liabilities + Common Stock + Retained Earnings + Dividends + Revenues Expenses. (b) Assets + Liabilities = Common Stock + Retained Earnings - Dividends + Revenues Expenses. Liabilities + Common Stock + Retained Earnings - Dividends + Revenues - (c) Assets = Expenses. Liabilities + Common Stock + Retained Earnings - Dividends - Revenues - (d) Assets = Expenses.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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