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    Company Accounting
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    Exam 4: Profits, Reserve and Distributions to Owners
  5. Question
    Under the Framework and AASB 101 'Income and Expense' Equals
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Under the Framework and AASB 101 'Income and Expense' Equals

Question 15

Question 15

Multiple Choice

Under the Framework and AASB 101 'income and expense' equals


A) revenue + gains - expenses - losses
B) revenue - expenses
C) revenue - losses
D) none of the above

Correct Answer:

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