Asked by
Andrew Kauffman
on Nov 12, 2024
Verified
An example of deferred revenue is Unearned Rent.
Deferred Revenue
Income received by a company for products or services yet to be delivered or completed, considered a liability until the revenue is earned.
Unearned Rent
Income received by a property owner for which the services (use of property) have not yet been provided.
- Comprehend the concept of deferred revenue and how it's recognized.
Verified Answer
AK
Learning Objectives
- Comprehend the concept of deferred revenue and how it's recognized.