_____ Arise from Relatively Infrequent Transactions, and There Can Be

question 99

Multiple Choice

_____ arise from relatively infrequent transactions, and there can be no assurance that they will recur in any future period.

• A)Gains/Losses
• B)Revenues
• C)Expenses
• D)Assets
• E)Liabilities

---

Definitions:

Public Asset

Resources or properties owned by the government or a public entity, meant to provide benefits or services to the community.

Emerging Economies

Nations with social or business activity in the process of rapid growth and industrialization, often characterized by low but increasing gross domestic product (GDP).

Climate Change

A significant and lasting change in the statistical distribution of weather patterns over periods ranging from decades to millions of years.

Measures Of Performance

These are indicators or metrics used to evaluate the effectiveness, success, or efficiency of an operation, process, or individual.