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Under the Framework Which of the Following Is Not Explicitly

Question 31

Multiple Choice

Under the Framework which of the following is not explicitly part of the definition of expenses?


A) Expenses are decreases in economic benefits
B) The decreases in economic benefits can be in the form of outflows or depletions of assets
C) The decreases in economic benefits can be in the form of incurrences of liabilities
D) The decrease in economic benefits must be from the occurrence of a past transaction

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