The concept that has much influence over asset valuation and income determination is? By: Sunday|Published on: Dec 6|Categories: Accounting JAMB| 0 comments A. entity B. realization C. conversactism D. matching Correct Answer: Option B – realization Users Also Read These:If y represents the income earned by workers in a…Jeng Limited disposed of a fixed asset in 1999 for…According to the income approach to national income…"A business unit is assumed to operate into…If Y = income, C Consumption, I = Investment, X =…SEE ALSO Calculate the net profit or loss made during the year.