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The most likely level of income to be obtained in the future - that is, to...

The most likely level of income to be obtained in the future - that is, to the extent this year's net income is a good predictor or future years' net income is(Choose all that apply)

    A.   sustainable income.
    B.   comprehensive income.
    C.   net income.

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Answer #1

A.   sustainable income.

net income includes all recurring and non-recurring, ordinary and extra-ordinary income earned by the company. Apart from net Income, Comprehensive income includes comprehensive items like unrealized gains, losses etc. Sustainable income can be used for ascertaining the future income of the Company as it is the net income that has been adjusted for out-of-the ordinary revenues, gains, expenses, and losses. so it can be used to predict the future income

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