Two Terms Used in Financial Accounting Are Gain and Revenue

question 23

Multiple Choice

Two terms used in financial accounting are gain and revenue. Which of the following statements is correct?

• A) Revenues relate to the main business of the company, while gains are from events that are not a main regular part of the business.
• B) The two terms mean the same thing.
• C) A company's revenues are always much larger than the gains it has.
• D) A company that reports revenues will never report gains.

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