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.
To learn more about Fasb gain and loss, refer
to brainly.com/question/24448358
#SPJ4
Developmentalists contend that because biological, cognitive, and socioemotional elements interact with one another, life-span development is multidimensional.
PERIOD DEVELOPMENT
Lifespan development is the process of growth throughout a person's life, from conception to death. Understanding all of the psychological, social, and cognitive changes that people go through requires a broad perspective. Since people adhere to a wide range of cultural traditions and ideals, this field of study is both broad and diverse.
What is multidimensional development?
The term "multidimensional development" recognizes the complexity of human development. Instead, the term "human development" is inclusive and covers a large range of potential components, such as:
Social advancement
Healthcare\
Education
societal cohesion (societies work together)
economic growth
Income
To learn more about multidimensional
brainly.com/question/11732160
#SPJ4
Answer: push marketing strategy
Explanation:
A Push Marketing Strategy can sometimes be referred to as the push promotional strategy, and this occurs when businesses take their products to the customers.
In this strategy, different marketing techniques are used by the company to push their products to the consumers. This can be seen in the question given as Venus Inc. is utilizing different methods in order to accelerate the sale of its new product.
Answer: a. $35,000.
Explanation:
Given Data:
Starting Balance = $530,000
Closing Balance = $452,000
Depreciation expenses = $46,000
computing of cash received we need to balance the depreciation.
Accumulated depreciation = Starting balance of accumulated depreciation + depreciation expense - Closing balance of accumulated depreciation
= $530,000 + $46,000 - $452,000
= $124,000
subtracting this amount from the sale value of the equipment.
= $159,000 - $124,000
= $35,000
Cash received from sale of equipment is $35,000