Which of the Following Is a Form of Revenue

question 63

Multiple Choice

Which of the following is a form of revenue?

• A) A check paying a mortgage
• B) A credit purchase invoice
• C) Credit sales to charge customers
• D) A cash purchase invoice
• E) A check paying utilities

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Definitions:

Liability

A legal obligation or debt that an entity is required to pay to another.

Commerce Bank

A financial institution providing banking services, such as deposits, loans, and other financial products to individuals and businesses.

Assignee

An individual or entity to whom rights or interests are transferred by another, known as the assignor.

Notice

Formal communication or announcement necessarily made to inform a party of certain legal processes or actions.