The IFRS element income relates to which U.S.GAAP element?
A)comprehensive income
B)capital maintenance
C)revenues and expenses
D)revenues and gains

Name: The IFRS element income relates to which U.S.GAAP element? A)comprehensive income B)capital maintenance C)revenues and expenses D)revenues and gains
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Question

Quizplus · Accepted Answer

Under U.S. GAAP, the element "income" is most closely related to "revenues and gains," as both represent increases in economic benefits.

The IFRS Element Income Relates to Which U