Which of the Following Is an Example of Revenue or Expense

question 94

Multiple Choice

Which of the following is an example of revenue or expense to be recognized in the current period's income statement?

• A)Cash received from a client before the service is provided.
• B)Inventory purchased for sale to customers.
• C)Wages owed to employees who worked during the period.
• D)Cash collected from an account receivable.

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Definitions:

Operating Cash Flows

Cash generated from a company's normal business operations.

Customer Satisfaction Rating

A metric that quantifies how satisfied a customer feels with a product, service, or experience.

Leading Indicator

An economic or financial metric that predicts future trends and changes in economic cycles or the performance of an industry or market.

Sales Revenue

The total amount of money generated by a company from its sales of goods or services, before any expenses are subtracted.