If a company has more than one revenue account, the company should
A) combine the revenue accounts on the Income Statement.
B) show each revenue account separately on the Income Statement.
C) prepare two separate Income Statements.
D) none of the answers listed

Question

Quizplus · Accepted Answer

Each revenue account should be shown separately on the Income Statement to provide transparency and clarity regarding the different sources of revenue.

If a Company Has More Than One Revenue Account, the Company