Which of the Following Best Describes a Revenue

question 133

Multiple Choice

Which of the following best describes a revenue?

• A) Resources owned.
• B) Cash received from a customer.
• C) Amounts earned from providing goods and services to a customer.
• D) Dividends paid to stockholders.

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Definitions:

Physical Custody

The actual possession or direct control of tangible assets, documents, or securities.

Asset Records

Documentation that details the acquisition, valuation, and disposal of assets owned by an individual or organization.

External Auditors

Independent professionals outside of the organization who examine the company's financial statements to ensure accuracy and compliance with accounting standards.