Which of the following is an example of revenue? Multiple Choice
1. Cash received from a bank loan
2. Cash received from investors from the sale of common stock
3. Cash received from the sale of land
4. Cash received from customers at the time services were provided
4. Cash received from customers at the time services were provided
Explanation:
The cash received by providing services to the clients is an example of the generation of revenue and is an asset resource. The cash that is received from the bank loans is a liability.
As the cash investments made by owners increase the stockholder's share and it accounts for the common stock. Cash that is received on the sale of land is an asset that is an exchange form of transaction which reduces one as the land and also increases the assets of cash.
