CFA Practice Question

There are 131 practice questions for this study session.

CFA Practice Question

Which equation(s) is (are) correct?

I. Economic income = Cash flow + Change in market value.
II. Economic income = Cash flow + (Ending market value - Beginning market value).
III. Economic income = Cash flow - (Beginning market value - Ending market value)
IV. Economic income = Cash flow - economic depreciation.
Correct Answer: All of them are correct.

Change in market value = economic depreciation.

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