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Revenues are a measure of the inflows of assets (or reductions in liabilities) from selling goods and providing services to customers. Which of the following

Revenues are a measure of the inflows of assets (or reductions in liabilities) from selling goods and providing services to customers. Which of the following is not a revenue transaction? Multiple Choice O O Went to the local bank and borrowed money to be used in the business Sold merchandise for cash to a customer Sold merchandise on account to a customer Delivered weekly magazines to a subscriber, who had paid previously for a one years subscription None of the other alternatives are comect

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