BE 1.02 – Financial Statement Element

5
(1)
For each of the following items, identify the appropriate financial statement element or elements: (1) probable future sacrifices of economic benefits; (2) probable future economic benefits owned by the company; (3) inflows of assets from ongoing, major activities; (4) decrease in equity from peripheral or incidental transactions.

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  • Search Terms: () activities; appropriate assets benefits benefits; by company; decrease each economic element elements: equity financial following for from future identify in incidental inflows items, major of ongoing, or owned peripheral probable sacrifices statement the transactions.
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