2. What are income? (true or false)
they are the decreases in economic benefits, produced during the period in which it is reported, in the form of outflows or decreases in the value of the assets, or by the generation or increase of liabilities, which result in decreases in the equity, other than those related to distributions made to equity investors true false. 1. What is the heritage? The money that the entity has in cash and banks is the residual part of the entity's assets, once all its liabilities have been deducted The money that the entity has in cash and banks .are all the properties that a company has. What does the word accrual refer to? Make the payments of the labor obligations on the correct date It is the recognition of the operations on the date made The total sum of an employer's salary It is the total of accumulated liabilities in this financial statement. What is comparability? (true or false)
Users must be able to compare the financial statements of an entity over time, to identify trends in its financial situation and financial performance true false. 6. Which of these are not qualitative characteristics of information in the financial statements? Comprehensibility, relevance, materiality . Reliability, prudence, essence of form. Integrity, comparability, opportunity Communication, responsibility, valorization.
