If an Investment in an Associate Is Sold at a Gain

question 68

Multiple Choice

If an investment in an associate is sold at a gain, the gain

• A)is reported as operating revenue.
• B)is reported under a special section, "Discontinued Investments," on the income statement.
• C)is reported in the Other Revenues and Gains section on the income statement.
• D)contributes to gross profit on the income statement.

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Definitions:

Unfreezing

The initial stage in the change process, involving reducing forces maintaining the organization's current state and increasing forces for change, making it ready for a new way.

Organizational Development (OD)

A planned, organization-wide effort to increase an organization's effectiveness and viability.

Tempered Radicals

Individuals within an organization who seek to drive change incrementally, balancing adherence to existing norms with advocating for reform.

Practical Guideline

A set of actionable advice or instructions designed to help individuals or organizations achieve specific tasks or objectives efficiently.