Which of the following best defines a profit Which of the fo

Which of the following best defines a profit?

Which of the following best defines a profit? a. It is the money a business earns in sales minus the expenses. b. It is the total revenue that a business generates. c. It is the increase in the value of a firm’s assets that are not resold. d. It is the income that a firm receives from its normal business activities.

Solution

A.