The accounting equation, assets equals liabilities plus stockholders' equity, is the foundation of the balance sheet. The retained earnings account is part of the stockholders' equity section. The net ...

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." Whether you’re a college student enrolled in a calculus course or a professional accountant with your own ...