Which Financial Statement Element Is Being Described

Essay

Which financial statement element is being described?
$$\begin{array} { | l | l | } \hline \text { Element } & \text { Situation } \\\hline & \text { A present obligation of the entity arising from past } \\& \text { vents, the settlement of which is expected to result } \\& \text { n an outflow from the entity of economic resources } \\& \text { A bodying economic benefits. } \\\hline & \text { resource controlled by an entity as a result of past } \\& \text { expected to flow to the entity. } \\\hline & \text { A type of expense that is not an ordinary expense. } \\\hline & \text { A type of income that arises in the course of ordinary } \\& \text { activities. } \\\hline & \text { Represents other items that meet the definition of } \\& \text { income and may or may not arise in the course of } \\& \text { prdinary activities. }\end{array}$$