11 Best Income Questions and Answers (Q&A) - ProProfs Discuss

John Smith
Answered: Apr 19, 2024

Currently reported net income= financial capital - comprehensive income = financial capital-the financial capital maintenance concept is the traditional basis of financial statements as well as the...Read More

1 Answer

729 views

What is the difference between Wage and Income?

D. Ronald, Writer
Answered: Aug 08, 2019

Wage and income are not totally referring to the same thing, but they are interrelated. Wage simply means the amount of money paid to someone for a specified quantity of work. Wages can come in...Read More

3 Answers

375 views

What is the difference between Hicks and Slutsky?

E. Barnes, Professional Gamer
Answered: Jul 26, 2019

Hicks and Slutsky may be confusing to people who have never tried to know more about microeconomics. If by any chance that you need to know more about this now, you should know that HIcks is the...Read More

2 Answers

308 views

What are the different types of corporate bonds and describe their features?

John Smith
Answered: Apr 19, 2024

1 Answer

238 views

What is the difference between GNP and National Income?

I. Klose, Accountant
Answered: Jul 08, 2020

GNP stands for Gross National Product. GNP and National Income are the two most popular terms that are often used by government officials and economists. These terms are utilized to determine how...Read More

2 Answers

80 views

What is the difference between GAAP and IFRS Income Statements?

T. Perez
Answered: May 20, 2020

As of now, there are two different standards of income. One would be GAAP or Generally Accepted Accounting Principle, and the other is IFRS or International Financial Reporting Standard. GAAP is...Read More

2 Answers

70 views

What is the difference between Earnings and Revenue?

Denton Perez, Professor
Answered: Dec 04, 2020

It is common to see people using the words “revenues” and “earnings’’ interchangeably, but that does not mean both are the same. Although the two terms refer to the...Read More

3 Answers

66 views

What is the difference between Gross and Net Income?

I. Muller, Math Professor
Answered: May 29, 2020

Although the two terms gross and net income look the same, there are some differences between the two. Gross income is the income generated before taxes are deducted. As an employee, the amount...Read More

1 Answer

64 views

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Income Questions and Answers (Q&A)

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