References
- e.g. David Solomons, ‘Economic and Accounting Concepts of Cost and Value’, in Morton Backer, Editor, Modern Accounting Theory, (Prentice-Hall Inc., Englewood Cliffs, N. J., 1966), and R. H. Parker and G. C. Harcourt, Editors, Readings in the Concept and Measurement of Income, (Cambridge University Press, 1969) in the Introduction.
- James , C. Bonbright . 1937 . The Valuation of Property I , New York : McGraw-Hill Book Company .
- ibid. p. 71.
- Eugene Von Boehm-Bawerk, The Positive Theory of Capital, translated by William Smart, (Macmillan and Co., London, 1891), p. 154.
- The existence of other management objectives is not denied and is referred to later in this paper.
- If the quantity of goods held exceeds the optimum inventory level, the realization-based value must be so calculated to allow for either the additional time or reduced prices required to dispose of the goods.
- op. cit. p. 125.
- op. cit. p. 17.
- Statement of Standard Accounting Practice, The Accountant, May i8th, 1972, p. 654.