Indicate which elements that are most directly related to measuring an enterprise's performance and financial status are being described below. For any item that is an asset or liability, consider if the item qualifies according to the definitions under IFRS. For purposes of this exercise, consider revenues, expenses, gains, and losses separately. 1. Arises from peripheral or incidental transactions. 2. Obliges a transfer of resources because of a present, enforceable obligation. 3. Increases in the ownership interest through issuance of shares. 4. Cash dividends to owners (declared and paid). 5. An expenditure that has future economic benefit. 6. Decreases in assets during the period for the payment of income taxes. Gains or Losses Liabilities Revenues Equity Assets Liabilities 7. Arises from income-generating activities that are the entity's ongoing major or central operations. Revenues or Expenses 8. Is the residual interest in the enterprise's assets after deducting its liabilities. Equity 9. Increases assets during the period through the sale of inventory. Revenues 10. Decreases assets during the period by purchasing the company's own shares. Equity Assets Equity Expenses Gains Gains or Losses Liabilities Losses Revenues Revenues or Expenses