Elements of Financial Statements Do Not Include

question 138

Multiple Choice

Elements of financial statements do not include:

• A) Monetary unit.
• B) Investments by owners.
• C) Comprehensive income.
• D) Losses.

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Definitions:

Motivation

The driving force behind individuals' actions, desires, and needs to achieve goals.

Consistently

Displaying steadiness and uniformity in actions, values, methods, measures, principles, or outcomes.

Maslow's Hierarchy

Maslow's Hierarchy is a psychological theory that ranks human needs in a pyramid, from basic physiological needs to self-actualization, emphasizing the importance of fulfilling foundational needs first.

Love/Belonging

A psychological need involving emotional relationships with others, feeling part of a group, and experiencing love and friendship, which is crucial for human wellbeing.