Asked by Destini Crawford on Jul 16, 2024
Verified
_____ is the total amount of money received from the sale of goods or services,as well as from other business activities such as the rental of property and investments.
A) Profit
B) Expense
C) Net income
D) Revenue
E) Price
Revenue
The income generated from normal business operations, calculated as the total sales of goods or services.
Net Income
The total earnings of a company after deducting all expenses, taxes, and costs from its total revenue, indicating the financial health of a company.
- Recognize the pivotal importance of revenue, net income, and expenses in financial statement analysis.
Verified Answer
DM
Daniel MartinJul 17, 2024
Final Answer :
D
Explanation :
Revenue is the total amount of money received by a company from its various business activities, such as sales of goods or services, rental of property, and income from investments, before any expenses are subtracted.
Learning Objectives
- Recognize the pivotal importance of revenue, net income, and expenses in financial statement analysis.
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