If a Company Generates Gains

question 33

Multiple Choice

If a company generates gains,

• A)this represents income from ordinary activities
• B)this is not considered income
• C)this is separate and distinct from sales revenue
• D)this is considered a financing activity

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Definitions:

Digital Media

A form of media that uses digital technology for distribution and presentation of content.

iPads

A line of tablet computers designed and marketed by Apple Inc., which run the iOS and iPadOS mobile operating systems.

Laptop

A portable personal computer with a screen and keyboard, designed for mobile use and small enough to rest on the user's lap.

Income Effect

Adjustments in the income of an individual or the broader economy and the consequent effects on how much of a good or service is desired.