Examlex
Which of the following is not a formal contract?
Earned Revenues
Income generated from the normal business operations after the delivery of goods or services to customers.
Prepaid Costs
Expenses paid in advance for goods or services to be received in the future, recorded as assets until they are consumed.
Stockholder Investments
Funds or assets invested by shareholders into a company, contributing to its equity.
Prepaid Expenses
Prepaid expenses are future expenses that have been paid in advance, recognized as assets on a balance sheet until the services or goods are received or the expense is incurred.
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