Match the Letter of Each Element with the Appropriate Definition

question 105

Multiple Choice

Match the letter of each element with the appropriate definition.
-Increases in the equity (net assets) from peripheral or incidental transactions of an entity and from all other transactions and other events except circumstances from revenues or investments by owners.

• 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:

Validity Measures

The extent to which a test or tool measures what it is intended to measure accurately.

Numeral

A symbol or group of symbols used to represent numbers.

Computed

Calculated or processed using a computer or calculator.

Measurement Basis

The method or system used to determine the quantity, weight, or dimension of something as a basis for analysis or calculation.