Revenues are:
A)cash payments from customers.
B)outflows of assets to customers.
C)cash receipts from customers.
D)inflows of assets from customers.
E)sensitive to the timing of cash receipts from customers.

Question

Quizplus · Accepted Answer

Revenues are inflows of assets resulting from the sale of goods or services to customers. It may not necessarily be cash, but it increases the company's assets (e.g. accounts receivable).

Revenues Are