Sustainable Income.....

Accounting
Tutor: None Selected Time limit: 1 Day

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

Sep 22nd, 2014

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


Sep 22nd, 2014

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