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  3. Study Set
    Intermediate Accounting Study Set 7
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    Exam 5: Statements of Net Income and Comprehensive Net Income
  5. Question
    Which of the Following Income Statement Elements Is an Economic
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Which of the Following Income Statement Elements Is an Economic

Question 50

Question 50

Multiple Choice

Which of the following income statement elements is an economic outflow that occurs from primary operations?


A) loss
B) expense
C) revenue
D) deficit

Correct Answer:

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