What is Income?
by Eileen McDonald
(Bronx, NY )
Q: Is the income the money that is coming in from the profit that you made? (Today I have a quiz and the booksotores dont have the book until the thirteenth so it makes it a little harder.)
A: Sorry for the delay here Eileen.
Please take a look at the lesson on defining income for a full explanation of this accounting concept.
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