Gains are defined as
A. increases in economic resources resulting from an entitys ordinary activities.
B. decreases in economic resources resulting from an entitys ordinary activities.
C. the residual interest remaining after liabilities are deducted from assets.
D. increases in equity resulting from an entitys peripheral or incidental transactions.
Answer:D
Gains are defined as
A. increases in economic resources resulting from an entitys ordinary activities. B. decreases in economic resources resulting from an entitys ordinary activities. C. the residual interest remaining after liabilities are deducted from assets. D. increases in equity resulting from an entitys peripheral or incidental transactions.