Accounting profit of a business firm is also called:
A)royalty income.
B)net income from equity.
C)compensatory income.
D)windfall gain.
E)net operating income.

Question

Quizplus · Accepted Answer

Accounting profit of a business firm is also called net operating income. This is because it represents the profit earned by the business from its operations, which includes revenues generated from sales of goods/services minus the expenses incurred to produce those goods/services.

Accounting Profit of a Business Firm Is Also Called