menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Intermediate Accounting IFRS
  4. Exam
    Exam 1: Environment and Theoretical Structure of Financial Accounting
  5. Question
    Gains Are
Solved

Gains Are

Question 67

Question 67

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 these.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q60: The primary professional organization for those accountants

Q62: Land was acquired in 2009 for a

Q63: The conceptual framework's recognition and measurement concepts

Q68: Financial reporting objectives state that financial statements

Q69: To meet the needs of full disclosure,

Q72: The best argument in support of historical

Q110: The International Accounting Standards Board:<br>A) Was the

Q112: A rules-based approach to standard-setting stresses professional

Q122: The assumption that in the absence of

Q132: Determining fair value by calculating the present

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines