Decreases in economic benefits in the form of outflows or depletions of assets or incurrences of liabilities that result in a decrease in equity, other than those relating to distributions to equity participants' is the definition of: O liabilities. O assets. O expenses. O equity.

Decreases in economic benefits in the form of outflows or depletions of assets or incurrences of liabilities that result in a decrease in equity, other than those relating to distributions to equity participants' is the definition of: O liabilities. O assets. O expenses. O equity.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter7: Introduction To Financial Statement Analysis

Section: Chapter Questions

Problem 8Q

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'Decreases in economic benefits in the form of outflows or depletions of assets or incurrences of liabilities that result in a decrease in
equity, other than those relating to distributions to equity participants' is the definition of:
O liabilities.
O assets.
O expenses.
O equity.

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