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Income Concepts
Various frameworks and principles used to measure and report income, including realization, recognition, and measurement principles.
Capital Maintenance
A concept in accounting that ensures a company's capital is maintained over time, typically measured in financial or physical terms.
Transactional Approach
An accounting method focusing on individual business transactions and analyzing their effects on financial statements without considering broader economic events.
Comprehensive Income
An accounting term referring to all changes in equity during a period, except those resulting from investments by and distributions to owners.
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