Multiple Choice
All of the following describe a revenue except a revenue
A) can result in the inflow of assets.
B) can result in the settlement of liabilities from the delivery or distribution of goods.
C) can result in the settlement of liabilities from rendering services.
D) must involve an inflow of assets.
Correct Answer:

Verified
Correct Answer:
Verified
Q173: _ is the name given to balance
Q174: What is the revenue recognition principle? Are
Q175: Which of the following is the attribute
Q176: Which one of the following steps in
Q177: Conceptually,anytime a cost is incurred,an asset is
Q179: Camp Consulting Services started business on
Q180: The _ principle attempts to associate with
Q181: Expenses can be matched against revenue<br>A)if the
Q182: Vivo Co.received an 8-month,9% note for
Q183: The difference between accrual-based revenue and accrual-based