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  • Any Gain On A Subsequent Increase in The Fair Value Less Cost To Sell of A Noncurrent Asset Classified As Held For Sale Should Be Treated As Follows

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    JAHNHANNALEI MARTICIO
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    The document discusses the treatment of gains on increases in the fair value less cost to sell of noncurrent assets classified as held for sale. The gain should be recognized but not in excess of the cumulative impairment loss previously recognized. Any additional gain above that amount should be recognized in retained earnings but not profit or loss.

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    accounting

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    Any Gain on a Subsequent Increase in the Fair Value Less Cost to Sell of a Noncurrent Asset Classified as Held for Sale Should Be Treated as Follows

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    The document discusses the treatment of gains on increases in the fair value less cost to sell of noncurrent assets classified as held for sale. The gain should be recognized but not in excess of the cumulative impairment loss previously recognized. Any additional gain above that amount should be recognized in retained earnings but not profit or loss.

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    © All Rights Reserved
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    11 views1 page

    Any Gain On A Subsequent Increase in The Fair Value Less Cost To Sell of A Noncurrent Asset Classified As Held For Sale Should Be Treated As Follows

    Uploaded by

    JAHNHANNALEI MARTICIO
    The document discusses the treatment of gains on increases in the fair value less cost to sell of noncurrent assets classified as held for sale. The gain should be recognized but not in excess of the cumulative impairment loss previously recognized. Any additional gain above that amount should be recognized in retained earnings but not profit or loss.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1.

    Any gain on a subsequent increase in the fair value less cost to sell of a noncurrent asset
    classified as held for sale should be treated as follows:

    a. the gain should be recognized in full


    b. the gain should not be recognized
    c. the gain should be recognized but not in excess of the cumulative impairment loss
    d. the gain should be recognized but only in retained earnings

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