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    Business
  3. Study Set
    Intermediate Accounting
  4. Exam
    Exam 2: Conceptual Framework Underlying Financial Accounting
  5. Question
    The Three Elements Assets, Liabilities, and Equity Describe Transactions, Events
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The Three Elements Assets, Liabilities, and Equity Describe Transactions, Events

Question 30

Question 30

True/False

The three elements assets, liabilities, and equity describe transactions, events, and circumstances that affect an enterprise during a period of time.

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