Obliges a transfer of resources because of a present, enforceable obligation.

Indicate which elements that are most directly related to measuring an enterprise's performance and financial status is being described below. For any item that is an asset or liability, consider if the item qualifies under both the definition currently in place and that proposed under IFRS: Arises from peripheral or incidental transactions. Obliges a transfer of resources because of a present, enforceable obligation. Increases in the ownership interest through issuance of shares. Cash dividends to owners (declared and paid). An expenditure that has future economic benefit. Decreases in assets during the period for the payment of income taxes. Arises from income-generating activities that are the entity's ongoing major or central operations. Is the residual interest in the enterprise's assets after deducting its liabilities. Increases assets during the period through the sale of inventory. Decreases assets during the period by purchasing the company's own shares