contestada

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Capital gains is ...
a. gain from the sale of commodities produced, services rendered, etc.
b. ordinary costs associated with capital items.
Co the gain or loss from the sale of capital assets.
d. capital items that are normally used up during a production cycle.
2. What is another term used to describe a net worth statement ?
a. income statement
c. enterprise statement
balance sheet
d. none of the above

Respuesta :

AdeTolu

Answer:

1. C. 2. Balance sheet

Explanation:

1. Capital gains are profits made from sale of assets, property and/or investment. For example, profit made from selling bonds, stock, etc. are referred to as capital gains.

2. Balance sheet is another term for net worth statement. It shows the value of a company's equity in relation to difference between the value of total assets and total liabilities. It also shows the financial position of a company for a fiscal period of time.

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