Which of the Following Gains Does Not Result Solely in an Ordinary

question 43

Multiple Choice

Which of the following gains does not result solely in an ordinary gain or loss?

• A)Sale of equipment held for less than a year.
• B)Sale of inventory.
• C)Sale of equipment where the gain realized exceeds the accumulated depreciation.
• D)Sale of equipment where the accumulated depreciation exceeds the gain realized.
• E)None of the choices are correct.

---

Definitions:

Honesty

The quality of being fair and truthful, an essential component of ethical behavior and trust-building in personal and professional relationships.

Stereotyping

The tendency to generalize about people in a certain social category and ignore variations among them.

Aspects

Different parts, features, or components of a situation, idea, or object.

Perceptual Tendency

The inclination to perceive information, situations, or objects in a specific way based on past experiences and personal biases.