Which of the following equations expresses the definition of "income"?
A) Income = Revenues - Expenses
B) Income = (Revenues + Gains) - (Expenses + Losses)
C) Income = Revenues + Gains
D) Income = Gains - Losses

Question

Quizplus · Accepted Answer

The Answer of Which of the following equations expresses the definition of "income"?
A) Income = Revenues - Expenses
B) Income = (Revenues + Gains) - (Expenses + Losses)
C) Income = Revenues + Gains
D) Income = Gains - Losses

Which of the Following Equations Expresses the Definition of "Income