Revenue Can Be Described as Which of the Following

question 53

Multiple Choice

Revenue can be described as which of the following?

• A)all the money that a company has to work with
• B)the money from loans,sales,and contributions
• C)the income gained from the sale of goods or services
• D)the income gained from sales minus the cost of creating the goods

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Definitions:

Implication

A conclusion that can be drawn from something, although it is not explicitly stated.

Prescription

Legal acquisition of rights through the continuous and habitual exercise of those rights over a lengthy period.

Reservation

The act of keeping something, such as a right or property, specifically withheld or protected from being given up or used.

Lien

A legal right or interest that a lender has in the borrower’s property, granted until a debt owed by the borrower is paid off.