Question

__________ are inflows or other enhancements of assets of an entity or settlements of its liabilities during a period from delivering or producing goods, rendering services or other activities that constitute the entity’s ongoing major or central operations.

Answer 1

Answer:

REVENUES

Explanation:

Revenue, often calls sales, is the income that a company from its normal business activities, usually from the sale of goods and services, and includes discounts and deductions for returned merchandise. On a company's Income Statement It is the top line or gross income from which all charges, costs, and expenses are subtracted to arrive at net income.