Expanded Accounting Equation
Assets = Liabilities + Stockholders' Equity
Assets = Liabilities + Common Stock + Retained Earnings
Assets = Liabilities + Common Stock + Net Income - Dividends
Assets = Liabilities + Common Stock + Income - Expenses - Dividends
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Famous quotes containing the words expanded, accounting and/or equation:
“The very nursery tales of this generation were the nursery tales of primeval races. They migrate from east to west, and again from west to east; now expanded into the “tale divine” of bards, now shrunk into a popular rhyme.”
—Henry David Thoreau (1817–1862)
“I, who am king of the matter I treat, and who owe an accounting for it to no one, do not for all that believe myself in all I write. I often hazard sallies of my mind which I mistrust.”
—Michel de Montaigne (1533–1592)
“A nation fights well in proportion to the amount of men and materials it has. And the other equation is that the individual soldier in that army is a more effective soldier the poorer his standard of living has been in the past.”
—Norman Mailer (b. 1923)