Which of the Following Transactions Results in an Increase in Revenues

question 104

Multiple Choice

Which of the following transactions results in an increase in revenues?

• A)Receipt of accounts receivable.
• B)Purchase of inventory.
• C)Receipt of principal from a bank loan.
• D)Delivery of a service in exchange for future payment.

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Definitions:

Meaning

The significance or understanding attributed to something, such as a word, symbol, or event.

Interaction

The process through which people affect or influence each other's feelings, thoughts, or actions.

Postmodernist

Relating to a late-20th-century movement characterized by broad skepticism, subjectivism, or relativism; a general suspicion of reason, and an acute sensitivity to the role of ideology in asserting and maintaining political and economic power.

Factual History

A record of past events based on empirical evidence, verified documents, and other sources that historians agree upon as accurate and true.