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A decrease in liabilities will reduce a firm's accounting profit.

DragoxCM16

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A decrease in liabilities will reduce a firm's accounting profit.

Question 1.

Accounting profit is the sum of a firm's revenue and its opportunity costs.

▸ true

▸ false

Question 2.

A decrease in liabilities will reduce a firm's accounting profit.

▸ true

▸ false

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

Read 96 times

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RNIPP

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4 years ago

More solutions for this book are available here

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DragoxCM16 Author

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4 years ago

Smart ... Thanks!

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