O e none of the mentionedCLEAR MY CHOICEionEconomic profits differ from accounting profits becauseO a all of the mentionedO b. the former is calculated by economists and the latter by accountantsout ofOc most firms report economic profits once a year and accounting profits every pay periodO d. none of the mentionedOe many firms own their own capital so accounting profits do not factor this costP Type here to search%23124&7QETAS.C V } BYAlt(5מ אLL11

Economic and accounting profits differ due to the concept of accrual of cost.

Economic profits differ from accounting profits because O a all of the mentioned Ob. the former is calculated by economists and the latter by accountants Oc most firms report economic profits once a year and accounting profits every pay period Od none of the mentioned Oe many firms own their own capital so accounting profits do not factor this cost

Economic profits differ from accounting profits because O a all of the mentioned Ob. the former is calculated by economists and the latter by accountants Oc most firms report economic profits once a year and accounting profits every pay period Od none of the mentioned Oe many firms own their own capital so accounting profits do not factor this cost

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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