"Revenues" are best described as

A. decreases in assets resulting from the sale of goods or services.
B. increases in assets resulting from the sale of products or services.
C. assets used or consumed in the sale of products or services.
D. an increase in the financing activities.


Answer: B

Business

You might also like to view...

The auditor should consider matters for disclosure only while gathering evidence during the course of the audit

a. True b. False Indicate whether the statement is true or false

Business

When any two firms have both a high degree of market commonality and highly similar resources, a ________ threat is present.

A. stronger marketing B. successful marketing C. stronger competitive D. weaker competitive

Business

If a small U.S. producer with limited financial resources and little marketing know-how wants to sell its products in international markets, it should use a(n)

A. export agent. B. factor. C. export broker. D. export commission house. E. combination export manager.

Business

The state may bring an action for involuntary dissolution of a company if the corporation has not paid its annual franchise tax

Indicate whether the statement is true or false

Business