The term used in the Framework for the Preparation and Presentation of Financial Statements for income which arises in the course of the ordinary activities of an entity is:

Question

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According to the Framework for the Preparation and Presentation of Financial Statements, revenue is defined as "income arising in the course of the ordinary activities of an entity." Gains, fees, and profit may also be related to income, but revenue specifically refers to income from ordinary activities.

The Term Used in the Framework for the Preparation and Presentation