The article reports on the financial performance of China Resources Enterprise Ltd. for the first half of 2007. The company has posted an unaudited net profit of 3.74 billion Hong Kong dollars. It cites the factors that contributed to the increased net profit. The revenue of China Resources ...
A Section 1250 gain refers to the taxable gain from the sale of depreciable real property. The recognition of the gain is governed by Section 1250 of the Internal Revenue Code (IRC), which deals with the tax treatment of depreciation recapture. When a property owner sells a depreciable asset,...
A company reports a gain of €100,000 on the sale of an asset and a loss of €100,000 due to foreign currency translation adjustment. Which of these items will be included in the company’s comprehensive income?A. Both of these items are included in comprehensive income.B. Neither of ...
A company reports a gain of €100,000 on the sale of an asset and a loss of €100,000 due to foreign currency translation adjustment. Which of these items will be included in the company’s comprehensive income? A. Both of these items are included in comprehensive income. B. Neither ...
A plant asset is usually recorded on the business's ledger at the book value, which is the amount the company paid for that asset. The asset is usually depreciated over its life and the ledger will also show depreciation adding up in a contra asset account "accumulated depreciatio...
Unrealized gains, also known as “paper gains,” refer to the increase in value of an asset that has not yet been sold. These gains exist only on paper or in theory, but have not been converted into actual profit through a sale transaction. ...
GVK Power shares gain on asset sale plansPress Trust of India
A company reports a gain of €100,000 on the sale of an asset and a loss of €100,000 due to foreign currency translation adjustment. Which of these items will be included in the company’s comprehensive income? A. Both of these items are included in comprehensive income. B. Neither...