Revenues are increases in equity (via net income) from a company's sales of products and services to customers.

Name: Revenues are increases in equity (via net income) from a company's sales of products and services to customers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Revenues represent the amount of money a company earns from the sale of its products and services to customers. This increase in equity is reflected in the company's net income, which is calculated by subtracting expenses from revenue.

Revenues Are Increases in Equity (Via Net Income) from a Company's