Question
If a company generates gains, this is considered a financing activity this is separate and distinct from sales revenue this represents income from ordinary activities
If a company generates gains, this is considered a financing activity this is separate and distinct from sales revenue this represents income from ordinary activities this is not considered income.
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It seems there might be some confusion in the statement provided Lets clarify each point 1 Generating Gains Gains generated by a company can arise fro...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
