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Chapter 1 FR

This topic has 2 replies, 3 voices, and was last updated 2 years ago by P2-D2.

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October 2, 2022 at 8:46 am #667680
GauriKarnik
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In the definition of income, what does “other than equity participants” mean?
I got this question while solving the quiz
October 2, 2022 at 4:40 pm #667718
tabasumze
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It means contributions from equity shareholders
October 5, 2022 at 5:10 pm #667927
P2-D2
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Yes, so this therefore dictates that any money received from equity shareholders is not recognised as income/revenue in the financial statements.
Thanks
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