Under the Accounting Standards, Which of These Is Not Included

question 10

Multiple Choice

Under the accounting standards, which of these is not included in the calculation of a company's profit or loss (not including other comprehensive income in the definition of profit) ?

• A) Gain on the sale of fixed assets
• B) Dividends received
• C) Adjustments from translation of the financial statements of a foreign operation
• D) Expense on the impairment of assets held

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Definitions:

Service Retailer

A business that sells intangible products or services directly to consumers.

Low Prices

The strategy of setting the cost of a product or service lower than the competition, often to attract more customers or gain a market share.

Experiential Retail

A retail strategy that focuses on providing customers with experiences beyond the traditional shopping encounter to engage and entertain.

Virtual Reality

A technology that creates immersive, computer-generated environments that simulate physical presence in real or imagined worlds.