Instead, the $700 loss will appear in a section on the income statement labeled nonoperating gains or losses or other income or losses. The loss is reported in the time period when the disposal occurs. The income statement or profit and loss statement shows revenues, expenses, gains, and losses.
To set the tile, apply an even coat of mastic on only a small portion of the wall at a time. You have about five to 10 minutes to set the tile, so don't apply too much adhesive over a large area. Again, apply the tile with a slight twisting motion. The accent tiles go on the same way (Image 3).
1 Mix Thin-Set Adhesive: Mix up thin-set adhesive in a bucket using a mixing paddle chucked in a drill. 2  Apply Adhesive to Floor: Use a notched trowel to apply thin-set adhesive to the vinyl flooring. 3  Position Cement Backer Board: Lay the cement backer board on the floor while the thin-set is still wet. Coat Tape: Apply a coat of thin-set over the fiberglass tape and allow the adhesive to dry. 2  Determine Tile Layout: Decide how the tiles will be arranged on the floor. 3  Mark Reference Lines: Pop chalk lines at right angles in or near the center of the room where a joint in the tile will occur.