Answered: When a person is not spending on…

When a person is not spending on current consumption or taxes, and gives up some current consumption for future consumption, it is called O capital. transaction costs. saving. income.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 21Q: How can an investor or lender use the Gross Profit Margin Ratio to make financial contribution...

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Question

When a person is not spending on current consumption or taxes, and gives up some
current consumption for future consumption, it is called
capital.
transaction costs.
saving.
income.

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