Marilyn provides piano lessons to students in her home four days a week. The money she earns from providing these services would be called ____ on an income statement.
A) expenses
B) cash
C) revenues
D) retained earnings
E) equity

Question

Quizplus · Accepted Answer

The money Marilyn earns from providing piano lessons is considered revenue on her income statement as it represents the money she has earned from her business activities. Expenses would be costs associated with running her business (such as rent, supplies, or advertising). Cash, retained earnings, and equity are all financial terms but do not apply to the specific type of income Marilyn is earning from her piano lessons.

Marilyn Provides Piano Lessons to Students in Her Home Four