Question
The reason economic profit will typically be less than accounting profit is that: accounting profit excludes interest earned on capital economic profit includes implicit costs
The reason economic profit will typically be less than accounting profit is that:
accounting profit excludes interest earned on capital | ||
economic profit includes implicit costs as well as explicit costs | ||
economic profit and accounting profit are identical | ||
economic profit deducts expected depreciation |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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