Which of the Following Does Not Indicate That a Revenue

question 34

Multiple Choice

Which of the following does not indicate that a revenue has been realized?

• A)Cash has been received.
• B)A valid promise to pay has been received.
• C)The revenue has been earned.
• D)The net assets (assets - liabilities)has been increased

---

Definitions:

Quota

A limit set by a government on the amount of a particular product that can be imported or exported within a certain period.

Specified Amount

A specified amount refers to a particular or agreed sum of money or quantity of a resource or asset.

Tariff

A tariff is a tax imposed by a government on goods and services imported from other countries, used to restrict trade, as they increase the cost of imported goods and services, making them less competitive than domestic goods.

Domestic Consumers

Individuals or households within a country that purchase goods and services for personal use.