Why might the distinction between revenues and gains, and between expenses and losses, be important to report

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Why might the distinction between revenues and gains, and between expenses and losses, be important to report yet unimportant as to how they are reported?

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Accounting Theory Conceptual Issues in a Political and Economic Environment

ISBN: 978-1412991698

8th edition

Authors: Harry Wolk, James Dodd, John Rozycki

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Question Posted: Feb 12, 2016 06:24 AM

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Why might the distinction between revenues and gains, and between expenses and losses, be important to report

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The issue here concerns disclosure That is it may be informative to distinguish between revenues ...View the full answer

Accounting Theory Conceptual Issues in a Political and Economic Environment

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