Match the descriptions with their terms :
-Decreases in economic benefits that do not arise in the ordinary course of business.
A) Resource providers
B) Materiality
C) Assets
D) SAC 10
E) Full disclosure principle
F) Cost
G) A conceptual framework
H) Verifiability
I) The Conceptual Framework
J) The Framework
K) Losses
L) Contingent liabilities

Question

Match the descriptions with their terms :
-Decreases in economic benefits that do not arise in the ordinary course of business.
A) Resource providers
B) Materiality
C) Assets
D) SAC 10
E) Full disclosure principle 
F) Cost
G) A conceptual framework
H) Verifiability
I) The Conceptual Framework
J) The Framework
K) Losses
L) Contingent liabilities

Quizplus · Accepted Answer

Losses refer to decreases in economic benefits that do not arise in the ordinary course of business, distinguishing them from regular operational expenses.

Match the Descriptions with Their Terms