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#cfa-level-1 #reading-23-financial-reporting-mechanics
Question

[...] are inflows of economic resources to the company;

Answer

revenues

Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question

[...] are inflows of economic resources to the company;

Answer
?

Tags
#cfa-level-1 #reading-23-financial-reporting-mechanics
Question

[...] are inflows of economic resources to the company;

Answer

revenues
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3. ACCOUNTS AND FINANCIAL STATEMENTS
s: assets are the economic resources of a company; liabilities are the creditors’ claims on the resources (assets) of a company; owners’ equity is the residual claim on those resources (assets); <span>revenues are inflows of economic resources to the company; expenses are outflows of economic resources or increases in liabilities.2 Accounts provide individual recor

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