Which Statement About Deferred Revenue Is Correct

question 54

Multiple Choice

Which statement about deferred revenue is correct?

• A)Deferred revenue is a financial liability.
• B)Deferred revenue is a non-financial liability.
• C)Deferred revenue is a held for trading financial liability.
• D)Deferred revenue arises when the contract is signed.

Apply analytical skills to assess financial options, including loans and investments.

Understand the concept and importance of reordering points in inventory management.

Comprehend the principles and application of ABC analysis in inventory classification.

Recognize the challenges and strategies in controlling service inventories.

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Definitions:

Days

Units of time equal to 24 hours, representing one complete rotation of the Earth on its axis.

Administrative Procedures Act

A United States federal statute that governs the way administrative agencies of the federal government may propose and establish regulations.

Enabling Statute

Legislation that grants a new agency or body the authority to act and outlines the scope of its powers.

Formal Rule Making

A process in administrative law where regulations are developed and issued by government agencies, often including opportunities for public comment and participation.