Income arises from the following except: A. sale of merchandise to customers B. rendering of services C. use of entity resources by others D. Disposal of assets other than inventory E. answer not given

Income arises from the following except: A. sale of merchandise to customers B. rendering of services C. use of entity resources by others D. Disposal of assets other than inventory E. answer not given

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter22: End-of-fiscal-period Work For A Corporation

Section22.2: Preparing An Income Statement, Statement Of Stockholders’ Equity, And Balance Sheet

Problem 1AYU

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Question

Income arises from the following except:

A. sale of merchandise to customers

B. rendering of services

C. use of entity resources by others

D. Disposal of assets other than inventory

E. answer not given

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