Which of the following terms refers to the amount of revenue a firm receives for the sale of its products, minus its costs of production, as measured by its accountants?
A)earnings
B)retained earnings
C)economic, or real, profit
D)dividend

Question

Quizplus · Accepted Answer

Earnings refer to the amount of revenue a firm receives for the sale of its products, minus its costs of production, as measured by its accountants.

Answer: B, D 
 Retained earnings refer to a company's profits that are kept or reinvested in the business rather than being paid out to shareholders as dividends. Dividends refer to the payment made by a company to its shareholders, usually as a portion of the company's earnings. However, neither of these terms specifically refers to the amount of revenue a firm receives for the sale of its products, minus its costs of production, as measured by its accountants.

Which of the Following Terms Refers to the Amount of Revenue