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According to the FASB conceptual framework for financial reporting, the elements of the financial statements that represent resources or claims to those resources at

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According to the FASB conceptual framework for financial reporting, the elements of the financial statements that represent resources or claims to those resources at a moment in time are: Revenues, Expenses, Gains, and Losses. Investment by Owners, Distribution to Owners. and Comprehensive income. Assets, Liabilities, and Equity.

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