Which of the Following Is Not an Element of Financial

question 5

Multiple Choice

Which of the following is not an element of financial statements contained in the IASB's Framework for the Preparation of Financial Statements?

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

---

Definitions:

Half Marathon

A long-distance running event covering 13.1 miles or approximately 21.0975 kilometers.

Disturbed Body Image

A psychological condition where an individual has a distorted perception of their body size, shape, or appearance.

BMI

Body Mass Index, a measure of body fat based on height and weight that applies to adult men and women.

Cultural Perception

The interpretation of sensory information (sights, sounds, smells, etc.) based on the cultural background and context of the observer.