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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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