Revenues may be generated by:
A) holding and disposing of inventory in the normal course of business.
B) having a liability forgiven.
C) receiving a donation.
D) all of the given answers.

Question

Quizplus · Accepted Answer

Revenues can be generated through various means, including the sale or disposal of inventory as part of regular business operations, having a liability forgiven which improves the financial position of a company, and receiving donations, which increase the resources available to an entity without the need for direct repayment or exchange of goods or services.

Revenues May Be Generated By