Which of These Items,under the Current Accounting Standards,is Not Included

question 31

Multiple Choice

Which of these items,under the current accounting standards,is not included in the measurement of profit in the income statement?

• A)Dividends received
• B)Gain on the disposal of non-current assets
• C)Gain on asset revaluation
• D)Cost of sales

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Definitions:

Neural Transmission

The process by which nerve cells (neurons) communicate with each other or with muscles, involving the release and reception of chemical or electrical signals.

Cerebrum

The large mass of the forebrain, which consists of two hemispheres.

Learning

The process of acquiring new or modifying existing knowledge, behaviors, skills, values, or preferences.

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.