Gains Are Defined as

question 3

Multiple Choice

Gains are defined as

• A) increases in economic resources resulting from an entity's ordinary activities.
• B) decreases in economic resources resulting from an entity's ordinary activities.
• C) the residual interest remaining after liabilities are deducted from assets.
• D) increases in equity resulting from an entity's peripheral or incidental transactions.

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Definitions:

Temporal Discounting

The tendency to devalue rewards and benefits that are received in the future compared to those received in the present.

Emotional Numbness

A state in which an individual feels detached from their emotions or feelings, often as a response to trauma or extreme stress.

Regret

Involves feeling sorry for one’s misfortunes, limitations, losses, transgressions, shortcomings, or mistakes.

Anger

An emotional response to a real or imagined threat or provocation