Which of the following statements is incorrect? A. In practice, the calculation of economic profit is determined
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Which of the following statements is incorrect?
A. In practice, the calculation of economic profit is determined based on GAAP.
B. The market value added is the difference between the market value of the firm and the invested capital.
C. The calculation of economic profit considers the cost of capital, whereas the calculation of accounting profit does not.
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Related Book For
Analysis Of Financial Statements
ISBN: 9781118299982
3rd Edition
Authors: Frank J. Fabozzi, Pamela Peterson Drake
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