Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
7th Edition
ISBN: 9781260581256
Author: John Wild
Publisher: McGraw-Hill Education
Question
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Chapter C, Problem 12DQ
To determine

Unrealistic loss:

If the company holds the asset whose price is reduced, and do not sold that asset even after reduction of price, then such loss is said as unrealistic loss.

To identify: Change in unrealistic loss or unrealistic gain.

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