Sustainable Income.....

User Generated

gq4422

Business Finance

Description

What is sustainable income? And how does sustainable income differ from actual net income?

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Explanation & Answer

The sustainable income is based on the average rate of return of capital, applied to all assets at the end of the period.

Sustainable income differs from actual net income because of gains and losses, and irregular revenues and irregular expenses
Reference:

http://quizlet.com/19710403/wileyplus_acc2020_chapter-12-15-quizes-flash-cards/

http://books.google.co.in/books?id=tqDgHX1cbgUC&pg=PA104&lpg=PA104&dq=sustainable+income+and+actual+net+income&source=bl&ots=1D7Q358YTC&sig=tpn6QK_l2gy0o3C62YgRplQtSQM&hl=en&sa=X&ei=SRcgVK7KOY_nuQSwmYLYAQ&ved=0CEgQ6AEwBg#v=onepage&q=sustainable%20income%20and%20actual%20net%20income&f=false



Anonymous
Just the thing I needed, saved me a lot of time.

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