ARB 43--Chapter 8
    1. Describe the all-inclusive concept of income.
    2. What arguments can be made for the all-inclusive concept of income?
    3. Describe the current operating performance concept of income.
    4. What arguments can be made for the current operating performance concept of income?
    5. How can income equalization be accomplished using the current operating performance concept of income?
    6. In ARB 43, Chapter 8, which income concept was advocated by the Committee on Accounting Procedure?
    7. How were extraordinary items defined in ARB 43, Chapter 8?

      8. Where were these extraordinary items to be reported in the financial statements?

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