Revenues Are

question 36

Multiple Choice

Revenues are:

• A)The same as net income.
• B)The excess of expenses over assets.
• C)Resources owned or controlled by a company.
• D)The increase in equity from a company's sales of products and services.
• E)The costs of assets or services used.

---

Definitions:

Balance Sheet

A document detailing a business's assets, liabilities, and equity of shareholders at a particular moment, offering an overview of its financial health.

Spreadsheet

A digital document where data is arranged in rows and columns, commonly used for calculations and data analysis.

Job-Order Costing

An accounting method where costs are assigned to specific jobs or batches, allowing for a detailed tracking of production costs.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, rent, and salaries for employees not directly involved in production.