This revised edition of Tom Lee's classic text provides students with a firm understanding of the nature of income and its relationship to capital and asset value. The book's unique interdisciplinary approach to income, the worked examples, and the updated references and further reading add to the book's value to students of both accounting and economics. This revised edition of Tom Lee's classic text provides students with a firm understanding of the nature of income and its relationship to capital and asset value. The book's unique interdisciplinary approach to income, the worked examples, and the updated references and further reading add to the book's value to students of both accounting and economics.