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What differences separated the twelfth-century renaissance from the Italian Renaissance?
Accounting Profit
The financial gain calculated by subtracting total expenses from total revenues, as per accepted accounting principles.
Units
Basic quantities or measurements, used as standards for expressing and comparing quantities.
Accounting Profit
The net income for a company after all expenses have been subtracted from total revenue, according to standard accounting practices.
Explicit Costs
Direct, out-of-pocket expenses incurred in the operation of a business or the execution of a transaction.
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