Under the current-operating concept, increases in equity from peripheral or incidental transactions (transactions other than sales of products, merchandise, or services) are referred to as:

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According to the current-operating concept, increases in equity from peripheral or incidental transactions are referred to as gains. Revenue is only recognized from sales of products, merchandise, or services. Comprehensive income includes gains and losses from all sources, not just peripheral transactions. Accruals refer to recognition of expenses before cash payment.

Under the Current-Operating Concept, Increases in Equity from Peripheral or Incidental