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10 Cards in this Set
- Front
- Back
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Probable future benefits
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assets
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probable future sacrifices
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liabilities
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transfer to a company in exchange for an ownership interest
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investments by owners
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transfers to owners equity
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distributions to owners
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inflows of resources from providing goods or services; ongoing central operations
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revenues
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increase in equity from peripheral transactions
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gains
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outflows of resources in an effort to produce revenue
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expenses
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decrease in equity from peripheral transactions
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losses
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change in equity from nonowner sources
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comprehensive income
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Residual interest or assets minus liabilities
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equity
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