Question

Profit on sale of investment is

Answer 1

Answer:

Capital gains are the returns earned when an investment is sold for more than its purchase price. Investment Income is profit from interest payments, dividends, capital gains, and any other profits made through an investment vehicle.

Answer 2

Answer:

The amount by which the proceeds from the sale of investments exceeded the carrying amount of the investments that were sold. It is reported as a non-operating or "other" item on a multiple-step income statement.

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