Which of the Following Correctly Describes the Effects of Initially

question 35

Multiple Choice

Which of the following correctly describes the effects of initially recording deferred revenues when cash is received from a customer?

• A) Revenues are increased.
• B) Liabilities are not affected.
• C)Retained earnings increases.
• D)Net income is not affecteD.Deferred revenues recorded when cash is received from a customer increases the unearned revenue account and increases cash. These are balance sheet accounts that do not impact net income.

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Definitions:

Depression

A mood disorder characterized by persistent feelings of sadness, loss of interest, and a lack of energy or motivation.

Light Therapy

Treatment using exposure to specific wavelengths of light used to address disorders like seasonal affective disorder (SAD).

Depression

A mental health disorder characterized by persistently low mood, loss of interest in activities, and a range of other symptoms that inhibit daily functioning.

Eye Movements

The voluntary or involuntary shifting of the eye's focus from one point to another, which is crucial for various activities like reading and navigating.