according to the international accounting standards board, recognizing income can result from: increasing assets. increasing liabilities. decreasing equity.

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07-09-2022
Business

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according to the international accounting standards board, recognizing income can result from: increasing assets. increasing liabilities. decreasing equity.

Sagot :

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qwlilly qwlilly · Answer 1 · 2022-09-14T01:13:43-04:00

According to the international accounting standards board, recognizing income may end up from increasing assets.

Assets are items of import, like property and equipment, which your company owns or leases so as to control. they'll even be a way of making value in your business - as an example, holding, customer relations and goodwill.

Assets are important as they will facilitate your to:

generate revenue

increase your business' value

help the running of your business

You can sell or transfer assets, use them to lower your invoice and increase the efficiency of your business. Understanding the importance of assets can facilitate your achieve potential savings.

Learn more about Assets.

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according to the international accounting standards board, recognizing income can result from: increasing assets. increasing liabilities. decreasing equity.

Sagot :

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