A Credit That Is Realized Through an Entity's Ordinary Activities

question 117

Multiple Choice

A credit that is realized through an entity's ordinary activities would be treated as

• A) a gain.
• B) revenue.
• C) other income.
• D) other comprehensive income.

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Definitions:

White Collar Jobs

Positions that typically involve clerical, administrative, or managerial work, usually in an office setting.

Unskilled Jobs

Positions that require minimal to no specific training or education, usually involving simple routine tasks.

Fair Trade

A social movement and market-based approach that aims to help producers in developing countries achieve better trading conditions and promote sustainability.

Free Trade

An economic policy allowing imports and exports between countries with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.