Which of the following is an element of financial statements under the IASB's conceptual framework? a. Losses b. Comprehensive income c. Investment by owners d. Equity Under the IASB's conceptual framework, a decrease in nomic benefit that results in a decrease in equity is termed as n): a. Distributions to owners Companies that use IFRS: b. Loss of economic benefit c. Comprehensive loss d. Expense .

1. Which of the following is an element of financial statements under the IASB's conceptual
framework? a. Losses b. Comprehensive income c. Investment by owners d. Equity Under the
IASB's conceptual framework, a decrease in nomic benefit that results in a decrease in equity is
termed as n): a. Distributions to owners Companies that use IFRS: b. Loss of economic benefit c.
Comprehensive loss d. Expense