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    Question

    How are super profits measured in accounting?

    A By comparing profits with previous year's profits Correct Answer Incorrect Answer
    B By comparing profits with industry average profits Correct Answer Incorrect Answer
    C By comparing profits with expected or normal level of profits Correct Answer Incorrect Answer
    D By comparing profits with revenue earned Correct Answer Incorrect Answer

    Solution

    In accounting, super profits are usually measured as the difference between the actual profits earned by a company and the expected or normal level of profits

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