Revenues May Be Generated By

question 25

Multiple Choice

Revenues may be generated by:

• A) Holding and disposing of inventory in the normal course of business.
• B) Having a liability forgiven.
• C) Receiving a donation.
• D) The ordinary activities of the entity only.
• E) All of the given answers.

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Definitions:

On Demand

Refers to goods, services, or information being available whenever requested by customers or users.

Negotiable

Capable of being transferred from one party to another in exchange for something of value, typically used in the context of financial instruments.

Acceleration Clause

A provision in a loan agreement that allows the lender to demand immediate repayment of the balance if certain conditions are not met.

Negotiable Instrument

A financial document, such as a check or promissory note, that contains an unconditional promise or order to pay a specified amount of money, easily transferable from one party to another.