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- In accounting, a gain refers to12345:
- The positive difference between the price of an asset at acquisition and its current price.
- It can be either realized (when the asset is sold for a profit) or unrealized (when the market value exceeds the purchase price).
- Gains are often related to transactions outside a company's main business activities and are reported as nonoperating or other revenue on the income statement.
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.aspA 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/gainDefinition of Gains In financial accounting, gains often pertain to some of a company's transactions which occur outside of the company's main business activities. Transactions which are outside of a company's main business activities are referred to as nonoperating activities.www.accountingcoach.com/blog/what-are-gainsGains 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. Since the gain is outside of the main activity of a business, it is reported as a nonoperating or other revenue on the company’s income statement.www.accountingcoach.com/terms/G/gainsIn 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) - People also ask
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