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A corporation has $7 million in equity. During the tax year it takes in $4 million in receipts and earns $2 million in capital gains from sale of a subsidiary. It incurs labor costs of $1 million, interest costs of $250,000, material costs of $500,000, and pays rent for structures of $250,000. find out the corporation's total accounting profit.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M955156

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