Which element of the financial statements results from peripheral or incidental transactions?
A) gains
B) revenues
C) equity
D) liabilities
Correct Answer:
Verified
Q94: Under the concept of _, capital is
Q95: According to U.S. GAAP, changes in equity
Q96: The primary distinction between expenses and losses
Q97: The IFRS element performance refers to _.
A)
Q98: Explain comprehensive income in terms of other
Q100: _ include(s) all changes in equity during
Q101: The major difference between cash and accrual
Q102: The FASB and IASB are converged in
Q103: Under U.S. GAAP, what is a condition
Q104: Revenue and expense recognition under the current
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents