The Primary Difference Between Revenues and Gains Is

question 61

Multiple Choice

The primary difference between revenues and gains is:

• A) Gains are increases in net assets from peripheral activities while revenues are increases from ongoing activities.
• B) Revenues increase operating income and gains have no impact on net income.
• C)Revenues cause increases in net assets as a result of peripheral activities and gains cause increases through ongoing activities.
• D)Gains result in an increase in operating income whereas revenues do not impact operating income.

---

Definitions:

Females

Refers to the sex that can bear offspring or produce eggs, distinguished biologically by the production of gametes (ova), which can be fertilized by male gametes.

Sympathetic Division

A part of the autonomic nervous system that stimulates the body's fight or flight response.

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the smooth muscles and heart and glands, regulating functions like heart rate and digestion.

Parasympathetic Division

A branch of the autonomic nervous system responsible for conserving energy and promoting a state of relaxation, often referred to as the "rest and digest" state.