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Which one of the following is equivalent to the expanded basic accounting equation? Assets = Liabilities + Owner's Capital + Owner's Drawings - Revenues Expenses.

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Which one of the following is equivalent to the expanded basic accounting equation? Assets = Liabilities + Owner's Capital + Owner's Drawings - Revenues Expenses. Assets + Owner's Drawings + Expenses = Liabilities + Owner's Capital + Revenues. Assets - Liabilities - Owner's Drawings = Owner's Capital + Revenues Expenses. Assets = Revenues + Expenses - Liabilities

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