referring to Book 2, Page 57:
How is economic income calculated, on table 31 further down in the section? I understand the concept of Economic Income but accounting confuses the hell out of me, how did the authors arrive at 21,949? What were the numbers and calculations used? thanks for the help
I am assuming you meant Book 3.
I had the same question ages ago: http://www.analystforum.com/forums/cfa-forums/cfa-level-ii-forum/91316036
I don’t think that that table makes sense. Going through the practice problems will help for sure.
I did mean book 3, thanks!
Those numbers were calculated 2 or 3 pages before in another table, see if those help