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The result that will be disclosed in the income statement is: -

In the case of a company has decided to exclude one of its activities and the balances was as follows; company's sales $10,0/ Cost of sales $14,0/ Value of assets sale $15,0/ Cost of assets $25,0/ Accumulated depreciation $160/ The result that will be disclosed in the income statement is: - a) Gain20 $ b) Loss20 $ c) Loss40 $ d) Not any of the above

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Question ajoutée par Rashad Moursi , Financial and Administrative Officer & international Business Transformer, Hotel Owner Reprs. , Investment and financial
Date de publication: 2014/04/21
Umer Aziz
par Umer Aziz , Senior Accountant , TERNA Bahrain Holding - GEK Group (www.terna.gr)

Option A :20$ gain

Muhammad Ahsan
par Muhammad Ahsan , General Accountant , Emirates Hospitals Group

A. GAIN20

Juanito Jr De Guzman
par Juanito Jr De Guzman , Chief Accountant , Zen FZE

a) Gain20 $ - Net loss on Sales ($40) and $60 as Gain on Sales of Assets $60 ( Sales value= $150 - $90(Capitalized Cost of Asset minus Accum. Dep.)

gajendra singh
par gajendra singh , ACCOUNTS OFFICER , NK TEMPLES PVT. LTD.

(a) profit by20th

(A) Gain of $20. Reported as from discontinued operations.

Dasarathi Rath
par Dasarathi Rath , Sr. Accountant , Al Luban Special Investment LLC

d) Not any of the above...

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