Question
When a company sells a fixed asset, the resulting gain
from the sale must be categorized appropriately in the financial statements. Understanding the nature of this gain is crucial for accurate financial reporting and analysis. Considering the classification criteria within the context of accounting standards, which of the following best describes the gain on sale of a fixed asset?ÂSolution
The gain on the sale of a fixed asset is considered an exceptional item because it is significant and unusual but related to the company's core operations. This classification helps distinguish it from regular operating income and expenses, providing clearer insight into the company's financial performance.
Find the missing number in the given analogy:
144 : 1728 :: 169 : ?
If ÷ means addition, × means subtraction, + means multiplication and – means division then
40 – 20 + 6 × 2 ÷ 5 = ?
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Select the figure from among the given options that can replace the question mark (?) in the following series.
Study the given pattern carefully and select the number that can replace the question mark (?) in it.
First row- 9, 21, 124
Second ro...
Statements:
No cup is a plate.
All plates are cutleries.
No cutlery is a spoon.
Conclusions:
I. Some cutleries a...
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