Ask Question
BusinessBusiness
24 December, 09:02

Deferred revenue is revenue that is a. not earned and the cash has not been received b. not earned but the cash has been received c. earned but the cash has not been received d. earned and the cash has been received

+3
Answers (2)
  1. 24 December, 09:04
    0
    The correct answer is letter "B": not earned but the cash has been received.

    Explanation:

    Deferred Revenue is accrued compensation that a company receives for products or services that it has not yet provided or distributed. Another name for the deferred revenue is unearned revenue. Although regular payments for services rendered are reported as revenue on the company's income statement, deferred income is recorded as a liability until the product is delivered.
  2. 24 December, 09:28
    0
    The answer is B. not earned but the cash has been received

    Explanation:

    Deferred revenue is when the money for a service has been received but the service has not been discharged. Deferred revenue is classified as a liability. Deferred revenue account decreases by the same amount with revenue as revenue is earned.

    For example, a customer has paid for a year subscription to magazines. This money is an deferred revenue because the service will last for a year
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Deferred revenue is revenue that is a. not earned and the cash has not been received b. not earned but the cash has been received c. earned ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The labor force is comprised of those who are working for any number of hours (the employed) and those who are out of work but actively looking for a job (the unemployed). calculate the size of the labor force.
Answers (2)
Both the GASB and the FASB require entities to include a management discussion and analysis in the financial reports.
Answers (1)
Why is the scientific method a powerful tool?
Answers (1)
True or false? a 1991 study found that 91 percent of 6-year-olds recognized joe camel, the same percentage that recognized the mickey mouse logo of the disney channel.
Answers (1)
Consumer surplus is used as a measure of a consumer's net benefit from purchasing a good or service. explain why consumer surplus is a measure of net benefit.
Answers (1)
New Questions in Business
Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. -Sold merchandise on account for $64,000 to a customer.
Answers (1)
Barans Realty Co. pays weekly salaries of $18,000 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday.
Answers (1)
Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock.
Answers (1)
The following items caused the only differences between pretax financial income and taxable income. 1.
Answers (1)
Which of the following characteristics would lead the auditor to assess control risk at a higher level? a. It is difficult for the auditor to determine or gain access to the organization or individuals who own and/or control the entity. b.
Answers (1)
Home » Business » Deferred revenue is revenue that is a. not earned and the cash has not been received b. not earned but the cash has been received c. earned but the cash has not been received d. earned and the cash has been received
Sign Up Forgot Password?