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    Intermediate Accounting Study Set 3
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    Exam 2: Accounting Judgements
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    Increases in Equity (Net Assets) from Peripheral or Incidental Transactions
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Increases in Equity (Net Assets) from Peripheral or Incidental Transactions

Question 98

Question 98

Multiple Choice

Increases in equity (net assets) from peripheral or incidental transactions of an entity are called:


A) revenues.
B) gains.
C) net income.
D) economic benefits.

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