Under the Conceptual Framework 'increases in Economic Benefits During the Accounting

question 44

Multiple Choice

Under the Conceptual Framework 'increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity,other than those relating to contributions from equity participants',is the definition of:

• A)Income
• B)Asset
• C)Liability
• D)Expense

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Definitions:

Maintenance Margin

The minimum amount of equity that must be maintained in a margin account to avoid a margin call.

Margin Deposit

The initial amount of money placed in a margin account, used as collateral for borrowing money to buy securities on margin.

Single Stock Futures

Futures contracts where the underlying asset is an individual stock, allowing speculation or hedging on the future price of the stock.

Stock Index Futures

Futures contracts based on stock market indices, used by investors to speculate on or hedge against future movements in the market index.