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Match the Letter of Each Element with the Appropriate Definition

Question 119

Multiple Choice

Match the letter of each element with the appropriate definition.
-The change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from nonowner sources.It includes all changes in equity during a period,except those resulting from investments by owners and distributions to owners.


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

Correct Answer:

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