Under the AASB Framework, income includes both revenue and gains.

Name: Under the AASB Framework, income includes both revenue and gains.
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The AASB Framework defines income as increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants. This includes both revenue and gains.

Under the AASB Framework, Income Includes Both Revenue and Gains