Facebook faces off with IRS in big-ticket tax case
A multi-billion dollar dispute between Facebook and US tax authorities over profits shifted to an Irish subsidiary began playing out in front of a judge on Tuesday.
Feb 19, 2020
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Internet
A multi-billion dollar dispute between Facebook and US tax authorities over profits shifted to an Irish subsidiary began playing out in front of a judge on Tuesday.
Feb 19, 2020
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Business
The new coronavirus outbreak could mean a $4-5 billion drop in worldwide airline revenue, the International Civil Aviation Organization said on Thursday.
Feb 14, 2020
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Internet
Twitter shares jumped Thursday after an update showing it added millions of new users and boosted ad revenue in the fourth quarter, sparking optimism over its growth prospects.
Feb 6, 2020
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Business
Google parent Alphabet on Monday reported rising profits in the final three months of last year amid growth in digital advertising and cloud computing, but shares took a hit on disappointing revenue growth.
Feb 3, 2020
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Business
Boeing reported its first annual loss in more than two decades Wednesday as the lengthy grounding of the 737 MAX undercut the company's revenues and exploded costs.
Jan 29, 2020
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Business
A federal judge says it's likely that Microsoft was trying to avoid or evade paying U.S. taxes and is ordering the company to hand over financial documents from more than a decade ago.
Jan 22, 2020
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Internet
How long has it been since you logged onto a Web site and you were prompted to decide whether to opt out of "cookies" that the site told you will enhance your online experience? Minutes? Hours?
Jan 17, 2020
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Business
New research co-authored by Yanwen Wang, an assistant professor in the UBC Sauder School of Business, reveals that the resale ticket market also appeals to sports fans who normally buy season tickets.
Jan 15, 2020
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Internet
This week, YouTube announced changes to its advertising policies for children viewing videos on the site. The changes are designed to protect against the collection of children's personal information, but may have unintended ...
Jan 10, 2020
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Business
Intel is paying $2 billion to buy an Israeli startup that specializes in processing chips for artificial intelligence.
Dec 16, 2019
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In business, revenue or revenues is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Some companies also receive revenue from interest, dividends or royalties paid to them by other companies. 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 $32 million."
In many countries, including the UK, revenue is referred to as turnover.
Profits or net income generally imply total revenue minus total expenses in a given period. In accounting and financial analysis, revenue is often referred to as the "top line" due to its position on the income statement at the very top. This is to be contrasted with the "bottom line" which denotes net income.
For non-profit organizations, annual revenue may be referred to as gross receipts. This revenue includes donations from individuals and corporations, support from government agencies, income from activities related to the organization's mission, and income from fundraising activities, membership dues, and financial investments such as stock shares in companies. For government, revenue includes gross proceeds from income taxes on companies and individuals, excise duties, customs duties, other taxes, sales of goods and services, dividends and interest.
In general usage, revenue is income received by an organization in the form of cash or cash equivalents. Sales revenue or revenues is income received from selling goods or services over a period of time. Tax revenue is income that a government receives from taxpayers.
In more formal usage, revenue is a calculation or estimation of periodic income based on a particular standard accounting practice or the rules established by a government or government agency. Two common accounting methods, cash basis accounting and accrual basis accounting, do not use the same process for measuring revenue. Corporations that offer shares for sale to the public are usually required by law to report revenue based on generally accepted accounting principles or International Financial Reporting Standards.
In a double-entry bookkeeping system, revenue accounts are general ledger accounts that are summarized periodically under the heading Revenue or Revenues on an income statement. Revenue account names describe the type of revenue, such as "Repair service revenue", "Rent revenue earned" or "Sales".
This text uses material from Wikipedia, licensed under CC BY-SA