Which of the following is an example of revenue?
A)Cash received as a result of a bank loan
B)Cash received from investors from the sale of common stock
C)Cash received from customers at the time services were provided
D)Cash received from the sale of land for its original selling price

Question

Quizplus · Accepted Answer

Cash received from providing services to customers is an example of revenue,and is an asset source transaction.Cash received from the result of a bank loan results in a liability,notes payable.Cash investments made by owners increase the stockholders' equity account common stock.Cash received from the sale of land for its original selling price is an asset exchange transaction that decreases one asset,land,and increases another asset,cash.

Which of the Following Is an Example of Revenue