Marilyn provides piano lessons to students in her home four days ...

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Marilyn provides piano lessons to students in her home four days a week. The money she earns from providing these services would be characterized as _____ on an income statement.
 A) expenses
  B) assets
  C) revenues
  D) retained earnings
  E) equity

Question 2

If Franklin & Co uses labor and materials to create a finished product, Franklin & Co is likely:
 A) a restaurant.
  B) a hair salon.
  C) a toy manufacturer.
  D) a hotel chain.
  E) a real estate agency.

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Answer to Question 1

C

Answer to Question 2

C