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The accounting concept of profit can best be described as the total amount a company records for selling goods and / or services the difference

The accounting concept of profit can best be described as
the total amount a company records for selling goods and/or services
the difference between the amounts a company records from selling goods and/or services and the costs of generating those amounts
the amount of earnings the company records that is subject to income taxes
the amount of cash the company collects during the period
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