A$.$ US GAAP identifies two main groups of elements: point$-$in$-$time elements and period$-$of$-$time elements. Point$-$in$-$time elements represent resources, claims to resources, or interests in

resources and appear on the balance sheet. Period$-$of$-$time elements describe events and circumstances and appear on the income statement, statement of comprehensive income, or

statement of shareholders' equity.

B$.$ US GAAP identifies two main groups of elements: general recognition elements and revenue and expense recognition elements. General recognition elements represent resources, claims

to resources, or interests in resources and appear on the balance sheet. Revenue and expense elements describe events and circumstances and appear on the income statement,

statement of comprehensive income, or statement of shareholders' equity.

C$.$ US GAAP identifies two main groups of elements: point$-$in$-$time elements and period$-$of$-$time elements. Point$-$in$-$time elements represent long$-$term assets and liabilities and appear on the

balance sheet. Period$-$of$-$time elements describe investments by and distributions to owners and appear on the statement of comprehensive income, or statement of shareholders' equity.

D$.$ US GAAP identifies two main groups of elements: point$-$in$-$time elements and period$-$of$-$time elements. Point$-$in$-$time elements represent highly liquid resources and appear on the balance

sheet. Period$-$of$-$time elements represent current income and appear on the income statement.