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    Intermediate Accounting Study Set 5
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    Exam 1: Environment and Theoretical Structure of Financial Accounting
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    Gains Are
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Gains Are

Question 23

Question 23

Multiple Choice

Gains are:


A) Inflows from selling a product or service to a customer.
B) Increases in equity resulting from transfers of assets to the company from owners.
C) Increases in equity from peripheral transactions of an entity.
D) None of the above is correct.

Correct Answer:

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