Multiple Choice
Which of the following is not a basic element of financial statements?
A) Assets.
B) Statement of financial position.
C) Equity.
D) Income.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q9: One of the challenges in developing a
Q32: The International Accounting Standards Board's (IASB's) Conceptual
Q35: In the International Accounting Standards Board's (IASB's)
Q51: Not adjusting the amounts reported in the
Q59: Which of the following practices may not
Q60: The Allowance for Doubtful Accounts, which appears
Q64: Which of the following are the two
Q77: Which of the following basic assumptions of
Q88: Which of the following is a fundamental
Q101: The basic principles of accounting used by