Financial Reporting and Analysis Q64

0. Which of the following is most likely represented as inflows of economic resources to a company under the IFRS framework?

  • Option : C
  • Explanation : The financial statement elements under International Financial Reporting Standards (IFRS) are: assets, liabilities, owners‟ equity, revenue, and expenses. Revenues are inflows of economic resources. Assets are economic resources, but not inflows.
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