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What is Actual Profit?
7. What is Actual Profit?
- The excess of estimated future profit than the normal profit
- The amount of consolidated net income of the Company for such Financial Year
- A profit metric that takes into consideration both explicit and implicit costs
- Normal business costs that appear in the general ledger
Answer: B) The amount of consolidated net income of the Company for such Financial Year
Explanation:
Actual Profit for any Financial Year implies how much merged net gain of the Company for such Financial Year, after all, charges and arrangements for duties and acclimated to reject all Excluded, not set in stone by the Auditor in light of the Company Financial Statements for such Financial Year.