Hi, this is a question about INTERMED ACCT, thank you!

From an accounting perspective a GAIN is: {3 An inow or enhancement of assets from the entity's ongoing operations. {3 The settlement of a liability from the entity's ongoing operations. 0 An increase in the net assets of the entity from a peripheral or incidental transaction. C} There is no such thing as a gain from an accounting perspective. {3 An increase in the net assets of the entity that results from investments by owners