Which of the Following Is NOT Reported as Revenue on the Income

question 91

Multiple Choice

Which of the following is NOT reported as revenue on the income statement?

• A)Unearned revenue
• B)Fees revenue
• C)Commissions revenue
• D)Rent revenue

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Definitions:

Executives

Senior level managers responsible for planning, directing, and overseeing a company's operations and strategic direction.

Yardsticks

Measures or standards used for comparison.

Preventive Actions

Measures taken to detect and eliminate potential causes of non-conformities or other undesirable situations before they occur.

Corrective Actions

Corrective actions refer to steps taken to identify, eliminate, and prevent the recurrence of undesirable behaviors or conditions in an organization or process.