Arises from peripheral or incidental transactions. Gains, losse

b$.$ Obligation to transfer resources arising from a past transaction. Liabilities

c$.$ Increases ownership interest. Equity

d$.$ Declares and pays cash dividends to owners. Distributio

e$.$ Increases in net assets in a period from nonowner sources.

Investment

f$.$ Items characterized by service potential or future economic benefit. Assets

g$.$ Equals increase in assets less liabilities during the year, after adding

distributions to owners and subtracting investments by owners.

Equity

h$.$ Arises from income statement activities that constitute the entity$$s

ongoing major or central operations.

Assets

i$.$ Residual interest in the assets of the enterprise after deducting its

liabilities.

Revenues

j$.$ Increases assets during a period through sale of product. Gains, losse

k$.$

Decreases assets during the period by purchasing the company$$s

own stock.