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Which of the following is true of revenue? It reflects decrease in net assets. It is a probable future economic benefit owned or controlled by
Which of the following is true of revenue?
It reflects decrease in net assets.
It is a probable future economic benefit owned or controlled by an organization.
Unearned revenue and investments are examples of revenue.
It is the lifeblood of any organization.
It is opposite of liability.
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Financial Accounting An Introduction to Concepts, Methods and Uses
Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis
14th edition
978-1111823450, 1-133-36617-1 , 1111823456, 978-1-133-3661, 978-1133591023
