Which Statement About Deferred Revenue Is Correct

question 43

Multiple Choice

Which statement about deferred revenue is correct?

• A)Deferred revenue is always a non-current liability.
• B)Deferred revenue could arise from loyalty programs.
• C)Deferred revenue is measured using expected values.
• D)Deferred revenue arises when the goods are shipped.

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Definitions:

Weak Acids

Acids that only partially ionize in solution, giving them weaker acidic properties compared to strong acids.

Electrolytes

Minerals in body fluids that carry an electric charge and are essential for the functioning of muscles and nerves.

Acidic

Pertaining to substances that have a pH less than 7, and are capable of donating a proton or hydrogen ion in a chemical reaction.

Strong Acids

Acids that completely ionize in solution, yielding a high concentration of hydrogen ions (H+) and demonstrating a strong ability to donate protons.