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<p>[QUOTE=&quot;Cloudsweeper99, post: 715862, member: 3011&quot;]You keep twisting back and forth between technical and common definitions to try to confuse the issue rather than admit you are wrong.&nbsp; In the real world, gains and losses refer to asset sales.&nbsp; Profits and losses, or more accurately, net income or loss, applies to the statement of operations of a business.&nbsp; </p><p><br /></p><p>Do you want to define profit as gain as stated above?&nbsp; Very well.&nbsp; Then your statement using your definition that &quot;you don&#039;t have a profit until you sell&quot; has the same meaning as &quot;you don&#039;t have a gain until you sell.&quot;&nbsp; This is clearly nonsense.&nbsp; You can lock in a gain [or loss] by selling, but the gain is there whether you sell or not.&nbsp;&nbsp; </p><p><br /></p><p>Even your own definition makes a distinction between &quot;<u>returns</u>, <u>proceeds</u>, or revenue&quot; in the definition of profit -- proceeds being cash from a sale and returns being changes in value other than cash.</p><p><br /></p><p>There are many forms of profit, gains or whatever term you will try to use next that are non-cash.&nbsp; If there wasn&#039;t, there would be no reason for GAAP or IFRS and everyone would keep their books on a cash basis.[/QUOTE]</p><p><br /></p>

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