Question
Which of them is Increase in equity (net assets) from peripheral or incidental transactions of an entity? e. Revenue a. Gains b. Income c. Investment by owners Oa)a Ob)b Oc)c
Solution
4.5
(251 Votos)
Talitha
Elite · Tutor por 8 anos
Resposta
The correct answer is:a. GainsExplanation: Gains refer to the increase in equity (net assets) from peripheral or incidental transactions of an entity. These transactions are not part of the regular operations of the business and can include activities such as selling an asset or settling a lawsuit.