Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums CRA def. of gross annual revenue
Thread Options
#1489732 - 01/05/11 03:05 PM def. of gross annual revenue
Trees Offline
Power Poster
Joined: Apr 2005
Posts: 4,013
I've looked through the reg andQ&As. I've been asked to provide the Feds' definition of gross annual revenue as used in the Reg. Any help would be most appreciated.

Return to Top
CRA
#1489760 - 01/05/11 03:30 PM Re: def. of gross annual revenue Trees
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
For a business it is gross annual sales (all businesses have sales, regardless of what they call it - income from customers/clients) - the top line of the income statement, for the businesses whose income was used for debt service.

If it is a tax return, it is still the gross income number.
Last edited by MS Kaybee; 01/05/11 03:31 PM.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1489768 - 01/05/11 03:33 PM Re: def. of gross annual revenue Kathleen O. Blanchard
Pale Rider Offline
10K Club
Pale Rider
Joined: Aug 2002
Posts: 34,318
under the Lone Star
there is another thread on gross revenue, it is on the second page of the CRA forum, about the 3rd thread from the top, it is was started about 3 weeks ago.....
_________________________
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.


Return to Top
#1489945 - 01/05/11 06:13 PM Re: def. of gross annual revenue Pale Rider
Trees Offline
Power Poster
Joined: Apr 2005
Posts: 4,013
Thanks folks!

Return to Top

Moderator:  CRAatBOK, Kathleen O. Blanchard, Princess Romeo