Question

Exercise 2. Read the text using the verbs in correct forms.
Any business firm (participate) in various transactions in the course of
which materials and equipment (buy), goods (sell), money (borrow), etc. The
acquired assets (use) to earn income. This (accomplish) by providing customers
with goods or services, with expectation that the value of the assets (receive)
from customers (exceed) the cost of the assets.
The total flow of money for services rendered or goods delivered (define)
as revenue. The cost of serving customers (call) expense. Expense (measure)
by the cost of the assets consumed. If revenue (exceed) expenses, net income
(exist). If not, a loss (suffer).

Answer 1

Ответ:

Any business firm participates in various transactions in the course of which materials and equipment are bought, goods are sold, and money is borrowed, etc. The acquired assets are used to earn income. This is accomplished by providing customers with goods or services, with the expectation that the value of the assets received from customers will exceed the cost of the assets.

The total flow of money for services rendered or goods delivered is defined as revenue. The cost of serving customers is called expense. Expense is measured by the cost of the assets consumed. If revenue exceeds expenses, net income exists. If not, a loss is suffered.

Объяснение: