Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 2 - Conceptual Framework for Financial Reporting - Review and Practice - Brief Exercises - Page 64: BE2-6


(a) Equity (b) Revenues (c) Equity (d) Assets (e) Expenses (f) Losses (g) Liabilities (h) Distributions to owners (i) Gains (j) Investments by owners

Work Step by Step

Its important to note that; all the above items and their respective categories make up the accounting equation in one way or the other; i.e. Assets-liabilities=Owner’s (or Stakeholder’s) Equity.
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