Which of the following best describes operating revenues?
A)They are increases in assets or increases in liabilities as a result of peripheral transactions.
B)They are decreases in assets or decreases in liabilities as a result of central ongoing operations.
C)They are increases in assets or decreases in liabilities as a result of central ongoing operations.
D)They are decreases in assets or increases in liabilities as a result of peripheral transactions.

Question

Quizplus · Accepted Answer

Operating revenues refer to the earnings generated from a company's core business activities or central ongoing operations. They are recognized as increases in assets or decreases in liabilities, such as accounts receivable, as a result of these operations.

Which of the Following Best Describes Operating Revenues