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?
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.
Who among the following was a renowned dancer and the first person from Odisha to receive 'Padma Vibhushan' in 2000?
Which is the second most important metallurgical industry in India?
V2X technology, which was seen in the news, is related to:
What is the new minimum capital requirement set by the Insurance Regulatory and Development Authority of India (IRDAI) for foreign reinsurance branches ...
President's Ordinance _________ can be issued
Consider the following:
I. Financial Inclusion Index
II. Wholesale Price ...
The Sepoy Mutiny or First war of Independence against British rule took place in the year:
Beti Bachao, Beti Padhao is a campaign of the Government of India that aims to generate awareness and improve the efficiency of welfare services intende...
In Human Development Report 2021-22, which of the following country became the best performer in Indian-Subcontinent?
Who among the following is best known for his plays 'Yayati' and 'Tughlaq'?