Match the Letter of Each Element with the Appropriate Definition

question 17

Multiple Choice

Match the letter of each element with the appropriate definition.
-Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods,rendering services,or engaging in other activities that constitute the entity's ongoing major or central operations.

• A)Assets
• B)Liabilities
• C)Equity
• D)Investments by owners
• E)Distribution to owners
• F)Comprehensive income
• G)Revenues
• H)Expenses
• I)Gains
• J)Losses

---

Definitions:

Environmental Legislation

Laws and regulations enacted by governments to protect the environment from harm caused by human activities, focusing on pollution control and resource conservation.

Marketing Opportunity

A potentially favorable condition in which a business can capitalize on a changing trend or an increasing demand for a particular product or service in its market.

Ethnic Group

A community or population made up of people who share a common cultural background, heritage, language, or ancestry, often manifesting distinct social identity.

Professionally Employed

Refers to individuals who are engaged in occupations requiring specialized knowledge and often advanced education, typically in a field considered as a profession.