Economics · Public Finance
An amount received ________ is considered a capital receipt.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1As proceeds from the sale of an item purchased for resale at a profit
- 2In substitution of an income
- 3As circulating capital
- 4In substitution of a source of income✓
Correct answer
In substitution of a source of income
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