Question: Profit can be described as the difference between a . the incoming cash and outgoing cash. b . the amounts a business receives from customers

Profit can be described as the difference between
a. the incoming cash and outgoing cash.
b. the amounts a business receives from customers for goods sold or services provided and the amounts the business paid for the various inputs or
expenses used to provide the goods or services.
c. the assets purchased with cash contributed by the owner and the cash spent to operate the business.
d. assets and liabilities.
Profit can be described as the difference between a. the incoming

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