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What is an Income?
29. What is an Income?
- A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
- Obligation between one party and another not yet completed or paid for.
- Earning from investments and other sources unrelated to employment.
- The revenue a business earns from selling its goods and services.
Answer: D) The revenue a business earns from selling its goods and services
Explanation:
Income is the revenue a business earns by selling its goods or by providing services.