Which of the following is not true in relation to earning power? (a) Earning power is the

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Which of the following is not true in relation to earning power?

(a) Earning power is the most likely level of profit to be obtained in the future.

(b) Earning power is the extent to which this year’s profit is a good predictor of future profits.

(c) Profit adjusted for irregular items is referred to as earning power.

(d) Profit including irregular items is referred to as earning power.

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