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

Question

Quizplus · Accepted Answer

Gains on asset revaluation are typically recognized in other comprehensive income, not in the profit or loss section of the income statement.

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