Viva Inc.produces and sells coffee beans.This month it earned $500 by selling coffee beans to Morning Cuppa Inc.The $500 received by Viva is its ________.

Question

Quizplus · Accepted Answer

Revenue refers to the income generated by a company from its primary business activities, such as the sale of goods or services. In this case, Viva Inc. earned $500 by selling coffee beans to Morning Cuppa Inc., which qualifies as revenue. Equity refers to the residual interest in the assets of a company after deducting liabilities, gains and losses reflect changes in equity, and debt refers to money owed to others by a company.

Viva IncProduces and Sells Coffee Beans