Answered: t is the amount earned by the business…

t is the amount earned by the business on the process of selling goods or performing services. a. Expense b. Revenue c. Liability d. Asset

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 6MC: If a company capitalizes costs that should be expensed, how is its income statement for the current...

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It is the amount earned by the business on the process of selling goods or performing services.

Expense

Revenue

Liability

Asset

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