Question: The expanded accounting equation is Assets = Liabilities - Common Stock - Dividends - Revenues - Expenses. Assets = Liabilities + Common Stock + Dividends
The expanded accounting equation is
Assets Liabilities Common Stock Dividends Revenues Expenses.
Assets Liabilities Common Stock Dividends Revenues Expenses.
Assets Liabilities Common Stock Dividends Revenues Expenses.
Assets Liabilities Common Stock Dividends Revenues Expenses.
Which of the following statements is false?
Revenues increase stockholders' equity.
Revenue accounts have normal credit balances.
Credits to revenue accounts should exceed debits.
Revenue accounts are increased by debits.
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