agec 242, chapter 5 - part 1\nif a farm business sells its harvested sunflower crop for cash, that cash…

agec 242, chapter 5 - part 1\nif a farm business sells its harvested sunflower crop for cash, that cash is:\n1 point\na loss on the sale of a capital asset\na gain on the sale of a capital asset\nrevenue\nam i right? skip for now submit answer

agec 242, chapter 5 - part 1\nif a farm business sells its harvested sunflower crop for cash, that cash is:\n1 point\na loss on the sale of a capital asset\na gain on the sale of a capital asset\nrevenue\nam i right? skip for now submit answer

Answer

Brief Explanations:

Revenue is income from normal business operations. A farm business selling its harvested crop is part of its normal business activity, not the sale of a capital asset (which are long - term assets like land or machinery). So the cash received is revenue.

Answer:

revenue