Income Is Equal to the Difference Between the Present Value

question 7

Multiple Choice

Income is equal to the difference between the present value of the net assets at the end of the period and their present value at the beginning of the period,excluding the effects of investments by owners and distributions to owners is the definition of which of the following current value concepts?

• A)Replacement cost
• B)Selling price
• C)Exit value
• D)Discounted present value

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Definitions:

Inductive Reasoning

Type of logical reasoning that moves from particular observations about members of a class to a general conclusion about that class.

Emotions

Subjective reactions to experience that are associated with physiological and behavioral changes.

Health

The state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Positive Emotions

Feelings that are generally considered to be pleasant and desirable, such as happiness, joy, excitement, and love.