The IASB's conceptual framework defines _____ as increases in economic benefits during an accounting period in the form of inflows or enhancements of assets or decreases in liabilities that result in increases in equity, other than those relating to contributions from equity participants
a. asset
b. liability
c. equity
d. revenue
e. expense
D
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What are the two types of quantity discounts offered by businesses?
What will be an ideal response?
During his research about people's perceptions of Broadway musicals, Gerry asked people to create collages, on their own, out of magazine photos, which is a technique called ________
A) brand personification B) projective technique C) visualization D) laddering E) transformation
Which of the following is NOT one of the four steps involved in the process of ethical decision- making?
A. identifying the ethical nature of an issue B. establishing ethical intent C. selecting an ethical framework to apply D. making an ethical judgment
During the information exchange, you must convey a professional attitude. The first step in displaying a professional attitude is to _________. A. deny that you have any weaknesses B. indicate you are motivated by your paycheck C. communicate your sincere interest in the company
Fill in the blank(s) with correct word