Examlex
When we fall into the trap of believing that terms have real meanings we are guilty of:
Gain On Disposal
A profit realized from the sale of a non-current asset, exceeding its carrying amount on the books.
Non-operating Section
A section of the income statement that reports revenue and expense resulting from secondary, non-core business activities.
Statement Of Income
A financial statement that shows a company's revenues, expenses, and net profit or loss over a specific period.
Intangible Asset
An asset that is not physical in nature, such as patents, trademarks, and goodwill, which has value due to its potential to generate economic benefits.
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