In measuring economic profit: (a) How do you deal with a one-time event? (b) How do you
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(a) How do you deal with a one-time event?
(b) How do you deal with money provided by relatives to get the business started?
(c) How do you handle off-balance sheet expenses, that is, expenses that are incurred by the firm but are not measured as part of the firm’s balance sheet?
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a Consider this as something that will not influence future performance x such as a cost for restru...View the full answer
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