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      Question

      Which of the following statements are correct?

      (i) Net Income (NI) Theory was propounded by David Durand. (ii) The Net Operating Income (NoI) approach was propounded by Durand. (iii) The Modigliani-Miller (MM) approach is similar to the Net Operating Income (NOI) approach. 
      A Only Statements (ii) and (iii) are correct. Correct Answer Incorrect Answer
      B Only Statements (i) and (ii) are correct. Correct Answer Incorrect Answer
      C Statements (i), (ii) and (iii) are correct Correct Answer Incorrect Answer
      D Only Statements (i) and (iii) are correct. Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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