_________is an increase in economic benefits during the accounting period in the form of inflows or enhancements

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_________is an increase in economic benefits during the accounting period in the form of inflows or enhancements of assets or a decrease in liabilities, thereby increasing equity and net worth.

a. Income

b. Equity

c. Expenses

d. None

Related Book For answer-question

Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Posted Date: Oct 24, 2023 05:21 AM

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_________is an increase in economic benefits during the accounting period in the form of inflows or enhancements

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Intermediate Accounting principles and analysis

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