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Question

How are super profits measured in accounting?

A By comparing profits with previous year's profits Correct Answer Incorrect Answer
B By comparing profits with industry average profits Correct Answer Incorrect Answer
C By comparing profits with expected or normal level of profits Correct Answer Incorrect Answer
D By comparing profits with revenue earned Correct Answer Incorrect Answer

Solution

In accounting, super profits are usually measured as the difference between the actual profits earned by a company and the expected or normal level of profits

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