A firm that sells inventory for more than its acquisition cost realizes an economic gain that accountants
Question:
A firm that sells inventory for more than its acquisition cost realizes an economic gain that accountants include in earnings, but a firm that sells treasury .stock for more than its acquisition cost realizes an economic gain that accountants exclude from earnings. What is the rationale for the difference in treatment of these economic gains?
(Appendix)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
1+ Reviews
10+ Question Solved
Related Book For 
Financial Accounting An Introduction To Concepts Methods And Uses
ISBN: 9780030259623
9th Edition
Authors: Clyde P. Stickney, Roman L. Weil
Question Posted:
