Each component of the expanded accounting equation – assets, liabilities, owner's capital, revenues, expenses and withdrawals or dividends – plays a distinct role in reflecting the financial ...

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by ...

Healy, Paul M., and Krishna G. Palepu. "Effectiveness of Accounting-Based Dividend Covenants." Journal of Accounting & Economics 12, nos. 1-3 (January 1990): 97–124.