Revenues represent
A) increases in assets and/or decreases in liabilities.
B) increases in assets and/or increases in liabilities
C) decreases in assets and/or decreases in liabilities.
D) decreases in assets and/or increases in liabilities.

Question

Quizplus · Accepted Answer

Revenues result in increases in assets (such as cash or accounts receivable) and/or decreases in liabilities (such as unearned revenue) as a company delivers goods or services.

Revenues Represent