The correct answer is D. None of the above.
Revenue is income that a company receives from its normal business activities. It is usually recorded in the income statement as sales revenue. In the case of a news agent, revenue would include the money received from selling newspapers, magazines, and other products.
The proceeds of the sale of plant and equipment are not revenue because they are not from the company’s normal business activities. Money received from an insurance company as a result of crashing a delivery vehicle is also not revenue because it is not from the company’s normal business activities. A refund received from a supplier as compensation for damaged stock supplied is also not revenue because it is not from the company’s normal business activities.