Increases in Equity (Net Assets) from Peripheral or Incidental Transactions

question 98

Multiple Choice

Increases in equity (net assets) from peripheral or incidental transactions of an entity are called:

• A) revenues.
• B) gains.
• C) net income.
• D) economic benefits.

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Definitions:

Dehydrated

The state of excessive loss of body water that interrupts normal metabolic processes, requiring replenishment of fluids.

Head-To-Toe Approach

A systematic method of physical examination that starts at the head and progresses to the toes, ensuring thorough assessment.

Physical Examinations

Medical exams that involve checking a patient's body for signs of illness and evaluating their overall health.

Body Systems

Groups of organs and tissues that work together to perform important functions for the body, such as the circulatory system or digestive system.