Respectively, ___ generally result from selling merchandise or providing services that a company has chosen for its primary activity and ___ are legitimate costs of doing business.
A) revenues; expenses
B) expenses; revenues
C) assets; expenses
D) revenues; liabilities
E) revenues; dividends

Question

Quizplus · Accepted Answer

Revenues are the income a company earns from its primary activities like selling goods or services, while expenses are the costs incurred in the process of earning those revenues.

Respectively, ___ Generally Result from Selling Merchandise or Providing Services