Advanced Financial and managerial accounting
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Revenues - inflows or other enhancements of assets of an entity or settlements of its liabilities during a period from delivering or producing goods, rendering services, or other activities that constitute the entities ongoing major/central functions Expenses - outflows or other using up of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services, or other activities that constitute the entities ongoing major or central operations Gains - ...