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2. Which of the following statements about the elements of financial statem a. Investments by owners are decreases in equity in exchange for o b.

image text in transcribed 2. Which of the following statements about the elements of financial statem a. Investments by owners are decreases in equity in exchange for o b. Revenues are inflows of assets or settlements of liabilities during C. Gains are increases in equity from peripheral or incidental transa d. Assets are probably future economic benefits as a result of past t

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