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    Intermediate Accounting IFRS Study Set 1
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    Exam 2: Conceptual Framework for Financial Reporting
  5. Question
    Which of the Following Basic Elements of Financial Statements Is
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Which of the Following Basic Elements of Financial Statements Is

Question 18

Question 18

Multiple Choice

Which of the following basic elements of financial statements is more associated with the statement of financial position than the income statement?


A) Equity.
B) Income.
C) Gains.
D) Expenses.

Correct Answer:

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