Profit is the difference between: a. the assets purchased with cash contributed by the owner and the cash spent to operate the business b. assets and liabilities c. the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods and services d. the incoming cash and outgoing cash Solution Profit is the difference of the enterprises\'s revenues and expenses. Revenue is always taken as normal revenue which is earned from normal course of bussiness. Expenses is always taken as normal expenses which is incurred from normal course of bussiness. so answer is c) the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods and services.