Which of the following best describes operating revenues?
A)They are increases in net assets as a result of peripheral transactions.
B)They are decreases in net assets as a result of ongoing operations.
C)They are increases in net assets as a result of ongoing operations.
D)They are decreases in net assets as a result of peripheral transactions.

Question

Quizplus · Accepted Answer

Operating revenues are increases in assets or settlements of liabilities from ongoing operations.

Which of the Following Best Describes Operating Revenues