Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net profit in determining fund from operation
A)Added, Reduced .
B)Added, Added .
C)Deducted, Added .
D)Deducted, Deducted

Question

Quizplus · Accepted Answer

Gains on the sale of non-current assets should be deducted from net profit because they are not operational gains, and losses must be added back to net profit since they are not operational losses but rather one-time occurrences that do not reflect the ongoing operational performance.

Any Gain on the Sale of Non-Current Assets Should Be