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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
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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