According to the FASB Conceptual Framework, the Elements-Assets, Liabilities, and Equity-Describe

Short Answer

According to the FASB Conceptual Framework, the elements-assets, liabilities, and equity-describe amounts of resources and claims to resources at/during a
$\begin{array}{lcc} & {\text { Moment in Time }} & \text { Period of Time } \\\text { a. } & \text { Yes } & \text { No } \\\text { b. } & \text { Yes } & \text { Yes } \\\text { c. } & \text { No } & \text { Yes } \\\text { d. } & \text { No } & \text { No }\end{array}$