_____ measure the inflows of assets (or reductions in liabilities) from selling goods and providing services to customers.
A)Revenues
B)Expenses
C)Cash inflows
D)Cash-outflows
E)Shareholder equity

Question

Quizplus · Accepted Answer

Revenues measure the inflows of assets (or reductions in liabilities) from selling goods and providing services to customers. Expenses represent outflows of assets or increases in liabilities from the costs of delivering goods or services. Cash inflows and outflows refer to actual cash transactions, while shareholder equity represents the residual interest in the assets of a company after deducting liabilities.

_____ Measure the Inflows of Assets (Or Reductions in Liabilities)