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Profit |
Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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Profit
Profit. Profit, which is also called net income or earnings, is the money a business has left after it pays its operating expenses, taxes, and other current bills. When you invest, profit is the amount you make when you sell an asset for a higher price than you paid for it. For example, if you buy a stock at $20 a share and sell it at $30 a share, your profit is $10 a share minus sales commission and capital gains tax if any. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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The generation of accounting profit is not warranty of
creation of value for the shareholder. That argument is secondary to the argument about: Should
accountants measure accounting profits or should they measure economic
profits? Accounting profit means that at the end of the day, you have an
amount greater than zero to put in the bank. |
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