Question: According to the IASB Framework, the financial statement element that is defined as increases in economic benefits during the accounting period in the form of

According to the IASB Framework, the financial statement element that is defined as 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

a. Revenue.

b. Income.

c. Profits.

d. Gains.

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