Gross Income Includes

question 62

Multiple Choice

Gross income includes

• A) all income from whatever source derived unless excluded by law.
• B) excluded income.
• C) deferred income.
• D) all realized income.
• E) All of these.

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Definitions:

Capital Intensity Ratio

A metric showing the amount of capital needed per dollar of revenue; high ratios indicate a significant investment in physical capital to generate sales.

Full Capacity

The maximum level of output that a company can produce with its current resources and technology, without incurring additional costs.

Total Assets

The sum of all resources owned by a company, valued in monetary terms, including current and long-term assets.

Dependent Means

Statistical measures that represent the average outcomes within an experiment that are expected to change in response to the independent variable.