Question
1. It represents the actual income derived from the retirement fund during the period, net of direct costs incurred in generating the income. 2. This
1. It represents the actual income derived from the retirement fund during the period, net of direct costs incurred in generating the income.
2. This is the amount required to be paid to the BIR.
3. It is also known as Pre-Tax Income, Financial Income, and Accounting Income.
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Financial And Managerial Accounting
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
15th Edition
1337902667, 9781337902663
