Gain on disposal of asset of discontinued operations

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May 19, 2015 at 9:37 am #247098
Adeel
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In example 1 of F7 Chapter4 notes, Gain of $7000 on disposal of asset of discontinued operations has not been taken in calculation of profit & loss of Discontinued operations, but instead they kept it in administrative expenses of entity can you please tell me why??
May 19, 2015 at 7:45 pm #247238
MikeLittle
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I think it’s because the $7,000 gain, netted off the administrative expenses, has been netted off in arriving at $10,000 as shown in the question
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