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- In accounting, a gain refers to12345:
- An increase in the value of an asset.
- It is considered realized if the asset is sold to a third party, resulting in a profit.
- It can result from the appreciation in the market price of any property or asset.
- It can also occur when something is sold for more than its original purchase price.
- Gains are reported as nonoperating or other revenue on a company's 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 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: The term gain, for financial and accounting purposes, refers to the appreciation in the market price of any property or asset. The concept can also be easily explained as the increase in value of a given asset or simply selling something for more than you paid for it.www.myaccountingcourse.com/accounting-dictiona…A gain in financial accounting is an increase in net profit that results from something other than day-to-day earnings from recurring operations and is unrelated to investments or withdrawals.unacademy.com/content/cbse-class-11/study-mate…In 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. This is an important distinction for tax purposes, as only realized gains are subject to tax.en.wikipedia.org/wiki/Gain_(accounting)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. 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/gains - People also ask
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