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Are gains and losses listed on the balance sheet or income statement?

Gains and losses are listed in the income statement, because they factor into the calculation of net income. Net income is later reflected on the balance sheet once it is closed into Retaind Earnings.


What does Disparity of Income Distribution mean?

it means distribution of income is how a nation's total economy is distributed amongst its population. Classical economists are more concerned about factor income distribution,that is the distribution of income between the factors of production,labor land and capital. Distribution of income is measured by Lorenz curve and Gini co


If you are seventy eight years old and took care of a lady in 2008 you earned approximately 55000 Will you have to pay federal income tax on this money?

Seemingly yes. Age is not a factor in tax liability...young or old, nor how you made the income.


Per Georgia schedule 3. What is considered taxable income for Georgia income tax purposes for non-residents of Georgia Is it just the income earned inside of Georgia What is non-taxable income?

If you are a non-resident, you're taxable income for Georgia is zero. Georgia taxable income is income that you earned as a resident of Georgia.


What is the distinction between operating and non operation income?

Income which is generated by normal business basic operating activities is called net operating income while other income then operating income is called non operating income like interest income or dividend income etc.