Fundamental Accounting Equation - correct answers>>Assets = Liabilities + Owner's Equity
Expanded Accounting Equation - correct answers>>Assets + Expenses + dividends = Liabilities + Owner's
Equity + Revenue
Components of Income Statement - correct answers>>name of the company
income statement
year end date
Revenues
Expenses
Total expenses
Net Income
Components of Statement of Retained Earnings - correct answers>>name of the company
statement of retained earnings (present)
year end date
Retained Earnings
net income for the year
dividends
Retained earnings as of year ended date
Components of Balance Sheet - correct answers>>name of the company
balance sheet
specific date
Assets
cash