INCOME APPROACH Definition

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INCOME APPROACH is a general way of determining a value indication of a business, business ownership interest, security, or intangible asset using one or more methods that convert anticipated benefits into a present single amount.

Learn new Accounting Terms

PURCHASE AND LEASEBACK see SALE AND LEASEBACK.

NORMAL BALANCE, in accounting, is the side of an account, whether debit or credit, to which increases to the account are recorded.

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