Examlex
Which of the following statements is correct about implicit alternatives?
Owner Drawings
Owner Drawings are withdrawals of business assets by the owner(s) for personal use, affecting the owner's equity account but not considered business expenses.
Revenues
The total amount of money received or expected to be received from the sale of goods or services, as well as other financial sources.
Net Income
The company's ultimate income after expenses and taxes have been taken away from total earnings.
Electronic Repair Revenues
Income generated from the business of fixing and restoring electronic devices and components to working condition.
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