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is the gross inflow of economic benefits

This question belongs to Commerce Accounting
Accounting
?

_______ is the gross inflow of economic benefits

Answer & Solution
Correct Answer: Option C
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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Arsalaan Mir
Arsalaan Mir 5 years ago
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