The inflow of assets resulting from the sale of products and services is called a(n)
A)asset.
B)liability.
C)revenue.
D)expense.

Name: The inflow of assets resulting from the sale of products and services is called a(n) A)asset. B)liability. C)revenue. D)expense.
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Question

Quizplus · Accepted Answer

Revenue is the inflow of assets resulting from the sale of products and services. This is a source of income for a company and is usually recorded in the income statement.

The Inflow of Assets Resulting from the Sale of Products