Regarding relevant nonfinancial information, which of the following statements is incorrect? A. Managers must always consider the potential quantitative and qualitative effects of their decisions. B. Nonfinancial, or qualitative, factors play a role in managers' decisions and, as a result, can be relevant. C. Relevant qualitative information has the same characteristics as relevant financial information. D. Qualitative factors can be ignored because these factors are difficult to measure.

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?