Which of the following is the amount of revenue reported on the income statement of a retail company?

A) The cash collected from customers during the current period.
B) Both cash and credit sales for the period.
C) Cash sales for the period and collections from customers.
D) Cash sales and stockholders' investments.

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period.

Retail Company

A business entity that sells goods or commodities directly to consumers through various channels of distribution to earn a profit.