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The Accounting Review Vol. 56 No. 2 1981

A Capital Maintenance Approach To Income Measurement.

Lawrence Revsine

Professor of Accounting and Information Systems, Northwestern University 1

Abstract

This paper uses a simple example to isolate the underlying capital maintenance concepts that are associated with historical cost income and four widely discussed inflation accounting alternatives, The approach illustrates that each of these concepts conforms to Hicks' classical income definition and thus demonstrates why discussions of "true" inflation-adjusted income are oversimplified.

DOI
10.2308/tar-4482689
Volume
56
Issue
2
Pages
383-389
Language
en
Sources
openalex crossref

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