Chapter $11$ Individual Assignment

Chapter $11$ Short Answer Questions:

Muliple agoraches have been advocaled concaming the definition of accounting elements and the relalionship between the balscoe sheet and ncome statement What are these approaches and how do they diter?

What is the meaning of 'owrers' equity in the belance sheel? Why are certein urresized gains or losses induded in owners' equity?

What are deferred charges and defereed candits, how do they come about, and do they conform to asset and labilty defin tions?

Dscuss the bright ine that does or does nol disfinguish debt and equty dassifications.