Revenues are:
A) increases in liabilities resulting from delivering goods or services to customers
B) increases in retained earnings resulting from delivering goods or services to customers
C) decreases in assets resulting from delivering goods or services to customers
D) decreases in retained earnings resulting from delivering goods or services to customers

Question

Quizplus · Accepted Answer

Revenues are increases in retained earnings resulting from delivering goods or services to customers, as they represent the income earned from core business operations.

Revenues Are