Which of the following can be used as an accounting measure by the government and other interest groups that a particular organisation (typically large)is generating excessive profits and not paying its 'fair share' to other segments of the community?
A) Total sales
B) Total profits
C) Total assets
D) All of the given options are correct.

Question

Quizplus · Accepted Answer

Total sales, total profits, and total assets can all be used as accounting measures to argue that an organization is generating excessive profits and not contributing its fair share to the community. Total sales can indicate the scale of operations, total profits the financial success, and total assets the overall size and potential market power of an organization.

Which of the Following Can Be Used as an Accounting