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