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.

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That means the entire amount paid for it can be considered goodwill, and Facebook would have recognized it as such on its balance sheet ... The general formula to calculate goodwill under IFRS ...

But wait! There's a bunch more cool stuff in this simple-looking equation. See those arrows over F and a? That indicates variables that are vectors, meaning they contain more than one piece of ...