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Income which is an inflow of future economic benefit

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24.24.Income, which is an inflow of future economic benefit that increases equity, other than contribution by owners, isIncome, which is an inflow of future economic benefit that increases equity, other than contribution by owners, is derived from thederived from thefollowing ordinary activities except forfollowing ordinary activities except fora.a.sales of merchandise to customerssales of merchandise to customersc.c.acquisitionacquisition ofof investmentinvestment propertypropertyb.b.useuse ofof equityequity resourcesresourcesd.disposald.disposal ofof resourcesresources otherother thanthan productsproducts25.25.Each component of the financial statements shall be clearly identified.Each component of the financial statements shall be clearly identified.In addition, the following information should be prominentlyIn addition, the following information should be prominentlydisplayed on the face of thedisplayed on the face of the financial statements except forfinancial statements except forc.c.the names of major stockholders and the boardthe names of major stockholders and the board of directors.of directors.d.d.the level of precision used inthe level of precision used in the presentation of figures in thethe presentation of figures in the financial statements.financial statements.26.26.Which of the following items should NOTWhich of the following items should NOT be included on the face ofbe included on the face of the statement of financial position?the statement of financial position?

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Term
Fall
Professor
N/A
Tags
Balance Sheet, Generally Accepted Accounting Principles, B Cash, a Financial capital

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