menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Intermediate Accounting IFRS Study Set 2
  4. Exam
    Exam 2: Conceptual Framework Underlying Financial Accounting
  5. Question
    Which of the Following Basic Elements of Financial Statements Is
Solved

Which of the Following Basic Elements of Financial Statements Is

Question 86

Question 86

Multiple Choice

Which of the following basic elements of financial statements is not associated with the statement of financial position?


A) Income.
B) Equity.
C) Liability.
D) Asset.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q24: Which basic assumption is illustrated when a

Q27: Companies consider only quantitative factors in determining

Q35: Which of the following is not a

Q50: Preparation of consolidated financial statements when a

Q56: Which of the following (a-c) are not

Q58: The International Accounting Standards Board (IASB) defines

Q62: The International Accounting Standards Board has given

Q81: In the conceptual framework for financial reporting,

Q83: Revenue is generally recognized when a sale

Q87: Which accounting assumption or principle is being

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines