1. Four essential defining characteristics of Revenue are: Characteristic #1 Characteristic #2 Characteristic #3 Characteristic #4 a. Results from an ongoing Results in an asset inflow Results from a major/central is created by an earnings process or asset activity business activity disposal process b. Results from an ongoing Results in an asset inflow Results from a major/central is created by an earnings process activity or liability settlement business activity c. Results from an ongoing Results in an asset inflow Results from a major/central is created by an earnings process or one-time activity or peripheral business activity d. Results from an ongoing Results in an asset inflow Results from a major/central is created by an earnings process or asset or one-time activity or liability settlement or peripheral business activity disposal process e. Results from an ongoing Results in an asset inflow Results from a major/central is created by an earnings process or asset activity or liability settlement or peripheral business activity disposal process