1. What is the accounting term, in ONE or TWO words, that describe or characterize each of the followings?

1) Net outflows from peripheral transactions.

2)Probable future economic benefits controlled by an entity.

3)Results if an asset is sold for more than book value.

4)Increases in equity from the sale of goods and/or services.

5) All changes in equity except owner transactions.

6) Contains all information necessary for faithful representation.

7) Along with relevance, a fundamental decision-specific quality.

8) Concerns the decision-making impact of both the amount and nature of an item

. 9) Information is useful in projecting cash flows.

10) Pertinent to the decision at hand.