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Kansas RMA Eligibility Practice Exam Flash Cards

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In the Income Approach, which sequence correctly represents the calculation to Net Annual Operating Income?

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Potential Gross Income minus Vacancy & Collection Losses plus Miscellaneous & Service Income equals Effective Gross Income; minus Allowable Operating Expenses and Reserves for Replacement equals Net Annual Operating Income

Kansas RMA Eligibility Practice Exam Flash Cards

In the Income Approach, which sequence correctly represents the calculation to Net Annual Operating Income?

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