_____ measure the outflow of assets (or increases in liabilities) used in generating revenues.
A)Revenues
B)Expenses
C)Cash inflows
D)Cash-outflows
E)Shareholder equity

Question

Quizplus · Accepted Answer

Expenses are the outflows of assets or increases in liabilities that are used in generating revenues. Expenses include costs such as salaries, rent, utilities, and supplies that are necessary for a business to operate and earn revenue.

_____ Measure the Outflow of Assets (Or Increases in Liabilities)