Multiple Choice
Which of the following best describes operating revenues?
A) They are increases in assets or increases in liabilities as a result of peripheral transactions.
B) They are decreases in assets or decreases in liabilities as a result of ongoing operations.
C) They are increases in assets or decreases in liabilities as a result of ongoing operations.
D) They are decreases in assets or increases in liabilities as a result of peripheral transactions.
Correct Answer:
Verified
Correct Answer:
Verified
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