What is abnormal profit?
A) Unusual surges in profit over a period of time
B) Profits over the budgeted figures
C) Profit shown in the financial statements less a notional charge for interest on capital employed
D) Profit shown in the financial statements less partner salaries and a notional charge for interest on capital employed in the partnership.
Correct Answer:
Verified
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Q13:
A and B cannot agree on
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