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    Intermediate Accounting Study Set 9
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    Exam 2: Conceptual Framework for Financial Reporting
  5. Question
    Which Basic Element of Financial Statements Arises from Peripheral or Incidental
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Which Basic Element of Financial Statements Arises from Peripheral or Incidental

Question 137

Question 137

Multiple Choice

Which basic element of financial statements arises from peripheral or incidental transactions?


A) Assets.
B) Liabilities.
C) Gains.
D) Expenses.

Correct Answer:

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