D102 Financial
Accounting Final
OA Review
Module 2(43
questions and
answers)
Net Income or Net Loss
Revenues - Expenses = ???
revenue
represents the value of the goods and
services provided by a company in its
business operations. The increase in net
assets from doing what a company does on a
regular basis
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Selling inventory
Providing a service
Interest
Franchise revenue
Subscriptions
What are examples of different types of
revenues?
sales revenue
The most common type of revenue and
reflects the aggregate selling price of goods
sold during the period.
Service fees
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