A Gain on the Disposal of a Non-Current Asset

question 24

Multiple Choice

A gain on the disposal of a non-current asset:

• A) Involves cash inflows.
• B) Is the result of an investing activity.
• C) Does not reflect any cash flow.
• D) Does not reflect any cash flow and is the result of an investing activity.
• E) Involves cash outflows.

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Definitions:

Superclass

In object-oriented programming, a class from which other classes, known as subclasses, inherit fields and methods.

Dynamic Binding

A mechanism in object-oriented programming where the code to execute is determined at runtime based on the object type rather than at compile time.

Compile Time

The phase in which a program's source code is converted into executable code by a compiler, before the program is run.

Execution Time

The total time required for a computer program or specific block of code to complete execution.