If a Building Is Sold at a Gain, the Gain

question 42

True/False

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

---

Definitions:

Output

The cumulative output of goods and services from a company or an economic system.

Average Total Cost

The total cost of production divided by the total number of units produced, representing the per unit cost of production.

Average Variable Cost

The cost of labor, materials, and other inputs that change with the level of output, averaged over the quantity produced.

Output

The total amount of goods and services produced by an economic entity in a specific period.