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Accounting 101 Formulas Exam questions with correct answers 2026/2027 Edition Graded A+ Accounting Equation -Assets = liabilities + equity Current Ratio Equation -current assets/current liabilities Stockholders equity equation -beginning equity + com

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Accounting 101 Formulas Exam questions with correct answers 2026/2027 Edition Graded A+ Accounting Equation -Assets = liabilities + equity Current Ratio Equation -current assets/current liabilities Stockholders equity equation -beginning equity + common stock issued + net income (or - net loss) - dividends = end equity Net income equation -revenues - expe

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ACC 1O1/102/202
ACC/FIN/110.
Accounting
CPA 2026/2027 BUSINESS

, Accounting 101 Formulas Exam
questions with correct answers
2026/2027 Edition Graded A+
Accounting Equation - ✅✅Assets = liabilities + equity


Current Ratio Equation - ✅✅current assets/current liabilities


Stockholders equity equation - ✅✅beginning equity + common
stock issued + net income (or - net loss) - dividends = end equity


Net income equation - ✅✅revenues - expenses


Equity Equation - ✅✅assets - liabilities


Retained earnings balance at end of period equation - ✅✅ending
equity - common stock = ending retained earnings


Full accounting equation - ✅✅assets = liabilities + (Revenue -
(expenses + dividends))

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