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

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Definitions:

Direct Expense

Costs that can be directly traced to a product, service, or project, such as raw materials and labor.

Wages

Payments to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis and paid on a regular schedule.

Wait Staff

Employees who serve customers in establishments like restaurants, often receiving wages plus tips.

Direct Expense

Costs that can be directly attributed to the production of goods or provision of services, such as materials and labor.