Business Finance
Sustainable Income.....

Question Description

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

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Final 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


madhavant (2757)
UT Austin

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

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