Asked by
abhaya nakade
on Nov 12, 2024
Verified
Deferred revenue is revenue that is
A) earned and the cash has been received
B) earned but the cash has not been received
C) not earned and the cash has not been received
D) not earned but the cash has been received
Deferred Revenue
Money received by a company for goods or services not yet delivered or performed, recorded as a liability until the transaction is completed.
- Discern the concepts and strategies for dealing with prepaid expenses, accrued expenses, and deferred revenues.
Verified Answer
RA
Learning Objectives
- Discern the concepts and strategies for dealing with prepaid expenses, accrued expenses, and deferred revenues.