Historical Records Indicate Wind Power Has Been Harnessed by People

question 12

True/False

Historical records indicate wind power has been harnessed by people for about 7,000 years.

---

Definitions:

Ordinary Gain

A gain resulting from the sale or exchange of assets that are not capital assets, taxed at ordinary income tax rates.

Profit

The amount of revenue that remains after deducting the expenses, taxes, and costs associated with generating that revenue.

Operating Leases

Leases where the lessor retains substantial risks and rewards of ownership of the asset while leasing it to the lessee.

Note Disclosure

Informative notes accompanying financial statements, explaining the basis of preparation and detailing specific accounting policies.