Accounting and Economic profiss are computed differently and serve different pumposes In defining costs, economists recognize: Explicit and implict costs in the same manner as accountants recognize costs, due to Sarbanes-Oxley act and other accounting iaws Explict and implici costs while accountants recognize only explicit costs Only explicit costs white acoountants recognize only implicit costs Only explicit costs while accountants recognize explicit and implicit costs Only implicit costs while accountants recognize only explicit costs
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Accounting and Economic profiss are computed differently and serve dif.docx
1. Accounting and Economic profiss are computed differently and serve different pumposes In
defining costs, economists recognize: Explicit and implict costs in the same manner as
accountants recognize costs, due to Sarbanes-Oxley act and other accounting iaws Explict and
implici costs while accountants recognize only explicit costs Only explicit costs white
acoountants recognize only implicit costs Only explicit costs while accountants recognize
explicit and implicit costs Only implicit costs while accountants recognize only explicit costs
