Accounting profit does not include:
A)explicit cost.
B)sunk cost.
C)fixed cost.
D)opportunity cost.
E)variable cost.

Name: Accounting profit does not include: A)explicit cost. B)sunk cost. C)fixed cost. D)opportunity cost. E)variable cost.
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Question

Quizplus · Accepted Answer

Accounting profit does not include opportunity cost, as it only considers explicit costs and revenues, not the implicit costs associated with foregone alternatives.

Accounting Profit Does Not Include