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- In accounting, a gain is generally defined as the positive difference between the price of something at acquisition and its current price1. Here are some more specific definitions of gain in accounting2345:
- A gain is when the market value of an asset exceeds the purchase price of that asset2.
- A gain is derived from an increase in the value of an asset. It is considered to be realized if the asset is sold to a third party, resulting in a profit3.
- Gains result from the sale of an asset (other than inventory). A gain is measured by the proceeds from the sale minus the amount shown on the company's books4.
- An excess of money or fair value of property received on sale or exchange of an asset is considered to be a gain. A gain may also be recognized when any type of financial instrument is sold for more than its purchase price5.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A gain refers generally to the positive difference between the price of something at acquisition and its current price. A net gain takes transaction costs and other expenses into consideration. A gain may also be either realized or unrealized.www.investopedia.com/terms/g/gain.aspIn financial accounting (CON 8.4), a gain is when the market value of an asset exceeds the purchase price of that asset. The gain is unrealized until the asset is sold for cash, at which point it becomes a realized gain.en.wikipedia.org/wiki/Gain_(accounting)A gain is derived from an increase in the value of an asset. It is considered to be realized if the asset is sold to a third party, resulting in a profit.www.accountingtools.com/articles/gaingains definition Gains result from the sale of an asset (other than inventory). A gain is measured by the proceeds from the sale minus the amount shown on the company's books.www.accountingcoach.com/terms/G/gainsAn excess of money or fair value of property received on sale or exchange of an asset is considered to be a gain. A gain may also be recongized when any type of financial instrument is sold for more than its purchase price.www.reviso.com/gains/ - People also ask
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