_____ refers to increases in a firm's assets that result from the sale of goods, provision of services, or other activities intended to earn income.
A) Dividend
B) Net income
C) Revenue
D) Expense

Question

Quizplus · Accepted Answer

Revenue refers to the income earned by a company from its business operations, such as sales of goods or services. This is different from net income, which is the profit earned after subtracting expenses from revenue. Dividends are payments made to shareholders, while expenses are costs incurred by the company in order to generate revenue.

_____ Refers to Increases in a Firm's Assets That Result