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Match the Letter of Each Element with the Appropriate Definition

Question 105

Multiple Choice

Match the letter of each element with the appropriate definition.
-Increases in the equity (net assets) from peripheral or incidental transactions of an entity and from all other transactions and other events except circumstances from revenues or investments by 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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