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    Financial Accounting Study Set 21
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    Exam 4: Revenue Recognition and the Statement of Income
  5. Question
    If a Company Generates Gains
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If a Company Generates Gains

Question 33

Question 33

Multiple Choice

If a company generates gains,


A) this represents income from ordinary activities
B) this is not considered income
C) this is separate and distinct from sales revenue
D) this is considered a financing activity

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