Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
Which of the following statements about accounting income and economic income is (are) correct?
I. Accounting income ignores many unrealized gains/losses of assets and liabilities, but economic income fully recognizes unrealized gains/losses.
II. Accounting income does not consider all the
III. Income and
Group of answer choices
a.I and II
b. I and III
c. II and III
d. I, II and III
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