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Match the Letter of Each Element with the Appropriate Definition

Question 101

Multiple Choice

Match the letter of each element with the appropriate definition.
-Probable future economic benefits obtained or controlled by a particular entity 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

Correct Answer:

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