Which of the Following Statements About the Concept of Revenue

question 7

Multiple Choice

Which of the following statements about the concept of revenue is true?

• A) Estimates are not permitted in the measurement of revenue.
• B) Contributions by owners may be considered revenues.
• C) An inflow of future economic benefits may be considered revenues.
• D) Revenue cannot be measured at fair value of the amount receivable.

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Definitions:

Kernel

The core part of an operating system, managing the system's resources and the communication between hardware and software components.

Operating System

Software that manages computer hardware and software resources and provides common services for computer programs.

Loading Process

The sequence of steps or operations executed by a computer or application to load data or software into memory for use.

Input Device

A hardware device that allows users to input data or control signals into a computer system, examples include keyboards and mice.