These gains and losses may be described or classified as either operating or nonoperating, depending on their relation to an entity's major ongoing or central operations.
<h3>What does Conceptual Framework say about profit and loss?</h3>
- The Exposure Draft proposed that, because profit or loss is the primary source of information about an entity's financial performance for the period, the framework should include a presumption that all income and all expenses will be included in that statement.
- The FASB's conceptual framework classifies gains and losses based on whether they are related to an entity's major ongoing or central operations.
- Nonoperating are “other” gains and losses.
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Answer:
Data
Explanation:
Data can be defined simply as facts or statistics or sample collected for information or analysis or reference purposes. Data can also be said to be individual or singular units of information. In this case, the number of people with income below the poverty line is an example of data or raw data.
I hope this helps.
Answer:
One of the key aspects of choosing the best career is by thinking about yourself. Many people in your life can tell you what you should do, or what they think you’d be good at, but the only person who truly knows which career is best, is yourself.
Start by thinking about your passions and what you’re interested in. If you have a love for writing, a career in construction, for example, may not be the best fit. Instead, you’d look at more creative fields such as journalism, copywriting or even creative writing. Knowing and discovering what you enjoy and feel passionate about will give you a strong start to discovering a career path for you.
I hope this will help you,
God blessed you
<span>they are almost as confident about their incorrect memories as they are about their correct memories.</span>
