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1. Probable future economic benefits is part of the definition of __________.
ASSETS TSSSEA2. Inflows from delivering goods or services and other activities that are part of a company's main operations.
REVENUES VENERUES3. The residual interest in the assets of an entity after deducting liabilities.
EQUITY EQUTYI5. Probable future sacrifices resulting from a past transaction or event.
LIABILITIES ITILBLAIEIS6. Outflows, using up of assets, or incurring a liability as the result of earning revenues.
EXPENSES EESNESXP7. Other ___________________ income includes foreign currency translation adjustments.
COMPREHENSIVE MNRECSEEPVOHI9. __________________ to owners will decrease owner's equity.
DISTRIBUTIONS TUOINRIDSTSBI
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For the past 52 years, Harold Averkamp (CPA, MBA) has
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