Which of the Following Income Factors Should Not Be Considered

question 3

Multiple Choice

Which of the following income factors should not be considered in expected future income when estimating the value of goodwill?​

• A)​sales for the period
• B)​income tax expense
• C)​extraordinary items
• D)​cost of goods sold

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Definitions:

Plurality

In elections, a situation where the candidate who polls more votes than any other candidate is the winner, but does not necessarily receive a majority of all votes cast.

Representatives

Elected individuals who act on behalf of others within a legislative body, making decisions and voting on laws.

Indirect Voting

A voting process where citizens elect representatives who then vote on behalf of them in the selection of government officials or policy decisions.

Electoral College

A body of electors established by the United States Constitution, which formally selects the President and Vice President based on the popular vote in each state.