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Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question
Really expanded accounting equation
Answer
Assets = Liabilities + Contributed capital + Beginning retained earnings + Revenue − Expenses− Dividends

The last five items, beginning with contributed capital, are components of owners’ equity.

Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question
Really expanded accounting equation
Answer
?

Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question
Really expanded accounting equation
Answer
Assets = Liabilities + Contributed capital + Beginning retained earnings + Revenue − Expenses− Dividends

The last five items, beginning with contributed capital, are components of owners’ equity.
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Assets=Liabilities+Contributedcapital+Beginningretainedearnings+Revenue−Expenses−DividendsAssets=Liabilities+Contributedcapital+Beginningretainedearnings+  Revenue−Expenses−Dividends

Original toplevel document

3.2. Accounting Equations
on: Equation (5a)  Assets = Liabilities + Contributed capital + Ending retained earnings Or equivalently, substituting Equation 4b into Equation 5a, we can write: Equation (5b)  <span>Assets=Liabilities+Contributedcapital+Beginningretainedearnings+Revenue−Expenses−DividendsAssets=Liabilities+Contributedcapital+Beginningretainedearnings+  Revenue−Expenses−Dividends The last five items, beginning with contributed capital, are components of owners’ equity. The statement of retained earnings shows the linkage between the b

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