Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q23: Match the options below with the correct
Q27: Which of these is the best measure
Q28: The statement of comprehensive income reports the
Q29: Under the accounting standard governing the
Q30: Retained earnings,retained profits or accumulated profits are
Q32: Which of the following is not disclosed
Q33: If sales = $45 000,purchases = $25
Q34: Which of the following statements about gross
Q35: An entity's financial year ends on 30
Q36: Which of these is not an income