Define gains and losses and explain how they differ from revenues

Define “gains” and “losses” and explain how they differ from “revenues” and “expenses”.

Discussion Instructions (Initial Post is Require before “Viewing” Peer Posts):  You are required to submit a substantial response. A substantial response is one that stays on topic and fully addresses the assignment in a clear, concise, and meaningful manner.  Substantial Content refers to providing relevant content toward the actual topic of the discussions. This includes quality input, questions and information in your discussion posts and responses to peers. 

The deliverable length of initial posting must be at least 150 words.  After the initial posting, students are required to respond to at least two (2) peers responses.