Explain the difference between unrealizedand realized income.Distinguisheach type, the significance of each, andexplain your reasoning. Give examplesin
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Question:
- Explain the difference between unrealizedand realized income.Distinguisheach type, the significance of each, andexplain your reasoning. Give examplesin your response(s).
- Explain the concept of character of income and its significance. Give examples.
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