The primary difference between revenues and gains is:

A$)$ revenues cause increases in net assets as a result of infrequent activities and gains

cause increases through ongoing activities.

B$)$ gains are increases in net assets from periodically selling assets $($other than

inventory$),$ while revenues are increases from a company's day$-$to$-$day business

activities.

C$)$ revenues increase income from operations and gains have no impact on net income.

D$)$ gains result in an increase in income from operations whereas revenues do not impact

income from operations.