Which of the following is not an element of the financial statements as covered in the "Conceptual Framework for Financial Reporting"? a. Equity

b. Assets

c. Liabilities

d. Profits​

d. Profits

Explanation:

Financial statement is a statement written in accordance to the conceptual framework for financial reporting which shows the financial position, performance and profit or loss of an entity.

The statements that would reflect in the financial statement of an entity are:

i. statement of profit or loss

ii. statement of change in equity

iii. statement of cash flow

iv statement of financial position

v. notes to the financial statement

All these statements are written considering the assets, liabilities, equity, income and expenses of the entity.

answer; /// the correct answer is (10) days; /// good luck

answer: 11/12

step-by-step explanation: 4 1/4 and 3 1/3 is equivalent to 4 3/12 and 3 4/12. 4 3/12 - 3 4/12 =11/12