Which of the following statements is NOT true?
A. Accounting profit can be equal to economic profit
B. Accounting profit can be more than economic profit
C. Economic profit can be more than accounting profit
D. Accounting profit can be positive while economic profit may be negative

Respuesta :

Answer:A,

Explanation: Accounting profits are actual revenue and costs incurred during a particular accounting period while Economic profits are revenues from sales of an output less the cost of all the inputs ( opportunity costs and explicit costs) opportunity costs are the benefit a business missed out on when it decided to pick an alternative while explicit costs are actual costs insured in generating a revenue. Accounting profits are actual while Economic profits are notional and are used for internal analysis.