If a Building Is Sold at a Gain, the Gain

question 18

True/False

If a building is sold at a gain, the gain on disposal should be reported in the non-operating section of the income statement.

---

Definitions:

Diagnoses

The identification of the nature and cause of a health issue, often determined through examination and the use of diagnostic tests.

Collectivism

Societal structure and world view in which people prioritise group loyalty, commitment and conformity, and belonging and fitting in to groups, over standing out as an isolated individual.

Altruism

The selfless concern for the well-being of others without expecting any reward or benefit in return.

Egoism

An ethical theory that treats self-interest as the foundation of morality.