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    Exam 8: Usefulness of Accounting Information to Investors and Creditors
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    Excess Income Over and Above the Expected Amount of After-Tax
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Excess Income Over and Above the Expected Amount of After-Tax

Question 46

Question 46

Multiple Choice

Excess income over and above the expected amount of after-tax operating income is called:


A) extraordinary profit.
B) remaining profit.
C) economic profit.
D) monetary profit.

Correct Answer:

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