Revenues, in a Proprietorship, Are

question 86

Multiple Choice

Revenues, in a proprietorship, are

• A) the cost of assets consumed during the period.
• B) the gross increases in owner's equity resulting from business activities.
• C) the cost of services used during the period.
• D) actual or expected cash outflows.

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Definitions:

Preferred Stock

A category of corporate equity that takes precedence over common stock in terms of asset claims and earnings, typically offering stable dividend payments.

Par-value

The face value of a bond or stock as stated by the issuing company, which may differ from the market value.

No-par Common Stock

A type of common stock that does not have a par value assigned, representing an ownership interest in a corporation.

Stated Value

A value assigned to a share of stock by the corporation’s board of directors, which is an arbitrary value used for accounting purposes.