Match the Letter of Each Element with the Appropriate Definition

Multiple Choice

Match the letter of each element with the appropriate definition.
-Probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events.

A) Assets
B) Liabilities
C) Equity
D) Investments by owners
E) Distribution to owners
F) Comprehensive income
G) Revenues
H) Expenses
I) Gains
J) Losses