Which of these is the accounting equation? Multiple Choice Revenue - Expenses = Net Income O Assets = Liabilities + Equity O Assets + Operating Capital = Cash Flows O I do not know Retained earnings - Dividends = Net Income Help What is accrual accounting? Multiple Choice Accrual accounting records asset and liability transactions when they are paid Accrual accounting only records transactions when cash is received or pald I do not know Accrual accounting records cash transactions before recording credit transactions Accrual accounting records revenue and expenses when they are incurred