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Which is included in the definition of expenses

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Problem 1: Which one of the following is included in the definition of expenses?

A. Inflow of economic benefits; Leads to an increase in equity; As a result of an increase in assets; Excluding contributions by owners.
B. Outflow of economic benefits; Leads to a decrease in equity; As a result of an increase in assets; Excluding contributions by owners.
C. Inflow of economic benefits; Leads to an increase in equity; As a result of a decrease in assets or an increase in liabilities; Excluding withdrawals by owners.
D. Outflow of economic benefits; Leads to a decrease in equity; As a result of a decrease in assets or an increase in liabilities; Excluding withdrawals by owners.

Reference no: EM132906668

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