Examveda
Examveda

_______ is the gross inflow of economic benefits

A. Assets

B. Liabilities

C. Income

D. Expenses

Answer: Option C

Solution(By Examveda Team)

Income is the gross inflow of economic benefits during the period arising from the course of the ordinary activities of an entity when those inflows result in increases in equity, other than increases relating to contributions from equity participants.

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