1. Obligation to transfer cash or other resources as a result of a past transaction.

2. Dividends paid by a corporation to its shareholders.

3. Inflow of an asset from providing a good or service.

4. The financial position of a company.

5. Increase in equity during a period from no owner transactions.

6. Increase in equity from peripheral or incidental transaction.

7. Sale of an asset used in the operations of a business for less than the asset%u2019s book value.

8. The owners%u2019 residual interest in the assets of a company.

9. An item owned by the company representing probable future benefits.

10. Revenues plus gains less expenses and losses.

11. An owner%u2019s contribution of cash to a corporation in exchange for ownership shares of stock.

12. Outflow of an asset related to the production of revenue.