Follow live coverage of the San Bernardino shooting >>. Late Wednesday night, San Bernardino police Chief Jarrod Burguan identified the people killed in the gun battle with police as Syed Rizwan Farook, a 28-year-old American citizen, and 27-year-old Tashfeen Malik.
In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers. Revenue is also referred to as sales or turnover. Some companies receive revenue from interest, royalties, or other fees. Revenue may refer to business income in general, or it may refer to the amount, in a monetary unit, received during a period of time, as in Last year, Company X had revenue of $42 million.
Revenue. Revenue is the money an entity receives from the sale of goods or services. Other terms frequently used for revenue are sales, net sales, or sale revenue. It is also referred to as the âtop lineâ because revenues are reported at the top of the income statement.ncome Statement Format and Components. The Income Statement shows the revenues, expenses, and profits (or losses) of an entity over a specified period of time. In other words, it is a description of the entities profitability over a period of time (usually quarterly or annually).