Complete the matching problem below for the Elements of Accounting (you may use the elements once,...

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Complete the matching problem below for the Elements of Accounting (you may use the elements once, more than once, or none): Description 1. Decrease in equity outside of normal transactions. 2. They measure the accomplishments of an entity. 3. Residual interest in the net assets. 4. The cost of doing business. 5. Resources of a company that are owned. 6. Used to finance the operations of a company. 7. An ownership interest in a business. 8. An outflow of resources. . Probable future economic benefits 10. Increase in equity outside of normal transactions. 11. Something of monetary value that is owned. 12. The sale of an asset, other than inventory, below its cost. 13. Efforts of a company to incur revenues. 14. An inflow of resources. 15. An obligation that arises over time. 1A Elements A. Assets B. Liabilities C. Equity D. Revenue E. Gains F. Expenses G. Losses Complete the matching problem below for the Elements of Accounting (you may use the elements once, more than once, or none): Description 1. Decrease in equity outside of normal transactions. 2. They measure the accomplishments of an entity. 3. Residual interest in the net assets. 4. The cost of doing business. 5. Resources of a company that are owned. 6. Used to finance the operations of a company. 7. An ownership interest in a business. 8. An outflow of resources. . Probable future economic benefits 10. Increase in equity outside of normal transactions. 11. Something of monetary value that is owned. 12. The sale of an asset, other than inventory, below its cost. 13. Efforts of a company to incur revenues. 14. An inflow of resources. 15. An obligation that arises over time. 1A Elements A. Assets B. Liabilities C. Equity D. Revenue E. Gains F. Expenses G. Losses

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