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:

Input Device

A hardware device that sends data to a computer, allowing users to interact with and control it, such as a keyboard, mouse, or scanner.

Hardware Components

Physical parts of a computer or electronic system necessary for its operation, such as the CPU, RAM, hard drive, and motherboard.

Output Device

A hardware component used to convey information to one or more people by converting data into a human-readable form, such as monitors and printers.

Input Device

A hardware device used to send data to a computer allowing the user to interact with and control it. This includes devices like keyboards and mice.