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The Term Revenue Can Best Be Described As

Question 32

Multiple Choice

The term revenue can best be described as:


A) The selling price of goods and services rendered to customers during a given accounting period.
B) The cash received from selling goods and serving customers during a given accounting period.
C) The net increase in owners' equity during a given period.
D) The "bottom line" in the income statement.

Correct Answer:

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