Classifications of expenses that should be disclosed

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1. There are three classifications of expenses that should be disclosed on an Operating Income Statement. Name each of three categories and DESCRIBE each of them, being sure to include an illustrative example in your discussion of each type.

2. Name the primary Principle of Valuation that the Income Approach is based upon, and DESCRIBE WHY that principle is significant in understanding that approach.

3. Compare and contrast Effective Gross Income and Net Operating Income, explaining how each is derived and describing at least one clear difference between the two.

Reference no: EM133268833

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