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profit
by 趙永祥 2015-07-02 08:32:17, Reply(0), Views(487)



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Term of the Day

Date: Wednesday, July 1, 2015

profit

The surplus remaining after total costs are deducted from total revenue, and the basis on which tax is computed and dividend is paid. It is the best knownmeasure of success in an enterprise.

Profit is reflected in reduction in liabilities, increase in assets, and/or increase in owners' equity. It furnishes resources for investing in future operations, and its absence may result in the

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Usage Example
When the company accountant finish counting that quarter's earnings, she realized they were more successful than anticipated and had earned a largeprofit.