The terms profit , earnings , and income all have the same meaning. They are the differences

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The terms profit , earnings , and income all have the same meaning.

They are the differences between the r ______ of an accounting period and the e ______ of that period. In nonprofit organizations, the term surplus refers to profit.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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