profit-loss account7

May 13th, 2015
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Abraham Lincoln University
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profit loss accounting description of statements with concept of profit

Word Count: 30
Showing Page: 1/2
GROSS PROFIT = TOTALREVENUE EXPLICIT COSTNET PROFIT = GROSS PROFIT IMPLICIT COSTReward for Taking Risk.Reward for Bearing Uncertainty.Reward for Ability.Monopoly Gains.Windfall Gains.Reward for Innovations.

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