Which of the following terms is correct?
a. Economic profit takes into account all cost...
Business, 18.04.2020 04:12, kevonmajor
Which of the following terms is correct?
a. Economic profit takes into account all costs involved in producing a product.
b. Economic profit always exceeds accounting profit.
c. Accounting profit is not relevant in preparing the firm's financial statement.
d. Accounting profit is the same as economic profit.
Answers: 3
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