The Conceptual Framework refers to two elements of performance. They are:
A) liabilities and equity.
B) revenue and expenses.
C) expenses and income.
D) assets and liabilities.

Name: The Conceptual Framework refers to two elements of performance. They are: A) liabilities and equity. B) revenue and expenses. C) expenses and income. D) assets and liabilities.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

The Conceptual Framework identifies expenses and income as the two elements of performance, focusing on how they affect financial performance.

The Conceptual Framework Refers to Two Elements of Performance