Definition of Gain on Sale of Long-term Assets When a company sells one of its long-term assets and the amount of the proceeds is greater than the book value or carrying value of the long-term asset at the time of the sale, the difference is a gain on the sale or disposal. (If th...
Definition of Gains In financial accounting, gains often pertain to some of a company’s transactions which occur outside of the company’s main business activities. Transactions which are outside of a company’s main business activities are referred to as nonoperating activities. Gain vs ...
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“Operating Profit – Interest Paid.” In its simplest form, net profit before tax is the profit before paying tax but after paying interest on the debt. A capital structure is a balance between debt and equity. Using debt is an external source of finance and comes attached with a cost kn...
What is the difference between a balance sheet of a non-profit organization and a for-profit business? Give the definition of the following term: Windfall gain. Explain what is meant by a special purpose profit and loss account. In accounting, what is the definition of "basic earnings per ...
There are two kinds of gains and losses: one is the gain or loss that is directly included in the owner's equity; the other is the gain or loss that is directly counted into the current profits. In other words, profits and losses will be reflected in the
What is economic analysis? What is nudging in behavioral economics? What is credit money in economics? In economics, marginal thinking is best demonstrated by what? What is bank money in economics? What is the definition of marginal revenue?
Home›Economics›Macroeconomics›What is a Competitive Advantage? Definition:A competitive advantage is the unique ability of a firm to utilize its resources effectively, managing to improve customer value and position itself ahead of the competition. In other words, it’s something that a compan...
Definition:Inflation is the devaluation of a currency marked by a sustained trend of rising prices in the economy. In other words, the value of each dollar is less, which causes the general price of goods to increase. This is typically caused by an increase in the money supply relative to...
Definition Income is almost anything you receive in exchange for sales or services and most of it is taxable but there are a few exceptions. What Is Income? The term income refers to any type of compensation or benefit received in exchange for work performed or for capital invested. Income ...