Which of the following is not a financial statement element?
A) Liabilities
B) Equity
C) Expenses
D) Current value

Name: Which of the following is not a financial statement element? A) Liabilities B) Equity C) Expenses D) Current value
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Question

Quizplus · Accepted Answer

Current value is not a financial statement element; it is a measurement attribute used to determine the value of assets and liabilities. Financial statement elements include assets, liabilities, equity, income, and expenses.

Which of the Following Is Not a Financial Statement Element