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Question 359 - 712-50 discussion

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Which of the following best describes revenue?

A.
Non-operating financial liabilities minus expenses
Answers
A.
Non-operating financial liabilities minus expenses
B.
The true profit-making potential of an organization
Answers
B.
The true profit-making potential of an organization
C.
The sum value of all assets and cash flow into the business
Answers
C.
The sum value of all assets and cash flow into the business
D.
The economic benefit derived by operating a business
Answers
D.
The economic benefit derived by operating a business
Suggested answer: D

Explanation:

Reference: https://www.investopedia.com/terms/r/revenue.asp

asked 18/09/2024
Thanh Tran
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