For example, if the company receives $3,000 for the old delivery truck, and the truck’s carry amount (book value) at the time of the sale was $600, the company will have a gain of $2,400. Definition of Income Non-accountants might use the term income instead of the word revenue....
1. Explain the difference between the "gains from exchange" (consumption gain) and the "gains from specialization" (production gain).相关知识点: 试题来源: 解析 The “gains from exchange” (“consumption gain”) occur because of the opportunity to consume at different relative goods prices, even...
我们市场上看到的基金通常有两个版本。基金名称将完全相同,但一个版本后面是 Inc(代表income收入),另一个版本是 Acc(代表accumulation积累)。在本期博客我就管这同一种基金的两种版本简称为INC收入基金 和 ACC积累基金。 简而言之,INC收入基金意味着基金产生的任何收入都支付给投资者,而ACC累积基金则将收入再投资回...
How does a gain differ from a revenue in accounting? What is the difference between economic profit and accounting profit? Is net income equal to cash? Which of the following terms best describes the distribution of the net income of a business and its owners? a. Revenue b....
In what ways does depreciation affect the net income? What is accounting profit? How is it calculated? What is the definition of accounting profit? What is the difference between capital employed and net assets? What is the net gain in the economy? What is the difference between...
Income; gain. Many incomings are subject to great fluctuations. Outgoing The act or the state of going out. The outgoings of the morning and evening. Incoming The act of entering; She made a grand entrance Outgoing That which goes out; outgo; outlay. Incoming Coming in or succeeding or ...
1.2). The first difference is the difference in the mean of the outcome variable between the two periods for each of the groups. In the hypothetical example, the first difference simply corresponds to the change in average test scores for each group between the beginning and the end of the ...
Since the gain on the sale is included in the net income, the gain is shown as a deduction from the net income reported in the operating activities section of the cash flow statement (under the indirect method). Related Questions What is a long-term asset? What is a long-term ...
The difference betweencapital gainsand other types ofinvestment incomeis the source of the profit. Understanding the difference is important in terms of everything from filing taxes to planning a retirement strategy. Capital refers to the initial sum invested. A capital gain, therefore, is th...
The difference between the income tax and the capital gains tax relates to the type of income that is taxed. The income tax is applied to earned income and the capital gains tax is applied to profit made on the sale of a capital asset. The capital gains tax can be either short ter...