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Accounting

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Multiple Choice

Which of the following means 'super profit ' ?

  1. Where the cost of goods sold exceeds the sales revenue.
  2. Where the sales revenue exceeds the cost of goods sold.
  3. Net profit less the opportunity costs of alternative earnings and alternative returns on capital invested that have been foregone.
  4. Where the cost of goods sold plus expenses is greater than the revenue.
  5. Where sales revenue plus other income, such as rent received, exceeds the sum of cost of goods sold plus other expenses.
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