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Definition of revenues and how they differ from gains?

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Final answer:

Revenue is the income obtained from the sale of goods or services, while gains refer to increases in the value of assets.

Step-by-step explanation:

Revenue refers to the income, especially of a company or organization, that is of a substantial nature. It is the money earned from the sale of goods or services. For example, when a clothing store sells clothes, the money it receives is revenue.

Gains are different from revenues in that gains refer to increases in the value of assets, such as investments. Gains are typically associated with the sale of assets and are not considered part of the regular operations of a business.

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