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In classifying the elements of financial statements, the primary distinction between revenues and gains is the materiality of the amounts involved the nature of the
In classifying the elements of financial statements, the primary distinction between revenues and gains is
the materiality of the amounts involved
the nature of the activities that gave rise to the transactions involved.
the costs versus the benefits of the alternative methods of disclosing the transactions involved.
the likelihood that the transactions involved will recur in the future.
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