Revenues are:

the cost of assets consumed during the period.

the cost of services used during the period.

gross increases in stockholders' equity resulting from business activities.

actual or expected cash outflows.

Question

Adriana Mcintosh

Business

11 June, 08:35

Revenues are:

the cost of assets consumed during the period.

the cost of services used during the period.

gross increases in stockholders' equity resulting from business activities.

actual or expected cash outflows.

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Answers (1)

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Lillian · Answer 1

Answer: Option (C) is correct.

Explanation:

It is the income of the company that is generated from the sales of goods and services or other asset or capital that is used, all of these are associated with the main operation of the companies. This is the income before any deduction of cost or expenses of the company.

Revenue is shown in the profit and loss account and to arrive at the net income then we have to subtract all the costs, charges or expenses from the revenue.

Revenues are:the cost of assets consumed during the period.the cost of services used during the period.gross increases in stockholders' equity resulting from business activities.actual or expected cash outflows.

Revenues are:

the cost of assets consumed during the period.

the cost of services used during the period.

gross increases in stockholders' equity resulting from business activities.

actual or expected cash outflows.