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    Exam 4: Structure of the Balance Sheet and Statement of Cash Flows
  5. Question
    Probable Future Economic Benefits Obtained or Controlled by an Entity
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Probable Future Economic Benefits Obtained or Controlled by an Entity

Question 60

Question 60

Multiple Choice

Probable future economic benefits obtained or controlled by an entity as a result of past transactions or events define


A) assets.
B) liabilities.
C) equity.
D) retained earnings.

Correct Answer:

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