Marya callais, a citizen of florida, was walking along a busy street in tallahassee, florida when a large crate flew off a passing truck and hit her, causing numerous injuries. she experienced a great deal of pain and suffering, incurred significant medical expenses, and could not work for six months. she wants to sue the trucking firm for $300,000 in damages. who is the potential plaintiff in this lawsuit?

The correct answer is Gain or loss on the sale of equipment as part of continuing operations.

Explanation:

If a gross profit on sales is generated in the process of selling an item of property, plant and equipment, but additional expenses are also incurred, the only thing that is recognized in the income statement is the net profit.

Among the accounts of the income statement, only one record is made with the net profit that occurred in the process of the sale of the asset. Although the final effect on the income statement is the same as it had under the old regulatory framework, it can be said that with that single record among the income statements, what is sought is that high gross income and expenses are not shown high, as this could distort the different financial analyzes that will be carried out at the end of the year.