Acowtancy
FreeSign UpLog In
ACCA
FM
Exam Centre
BuyGet access$269
See all questions
PreviousNext
December 2014
3514 others answered this question

MC Question 12

Formulae & Tables
FM (F9) Formulae Sheet

You will get this Formula Table at the exam so learn well how to apply it in your FM (F9) Exam

Which of the following statements concerning profit are correct?

1 Accounting profit is not the same as economic profit
2 Profit takes account of risk
3 Accounting profit can be manipulated by managers

A. 1 and 3 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Reveal answer
Marking guide
Related textbook topics: Financial objectives and corporate strategy

Free sign up

  • Download all course notes
  • Track your progress
  • Access more exam questions
  • Subscribe to eNewsletters
  • Free email tips & techniques
  • Receive recaps
Sign up for free
FacebookX (Twitter)YoutubeInstagramPinterest
Our purposeBlogFAQsContact us
ACCA GlobalCIMAICAEW
Terms and conditionsReturns and refundsPrivacy policyCookies
© 2025 aCOWtancy