Which of the Following Is True of Accrued Revenues

question 60

Multiple Choice

Which of the following is true of accrued revenues?

• A)Accrued revenues at the end of one accounting period often result in cash receipts from customers in the next period.
• B)Accrued revenues at the end of one accounting period often result in cash payments in the next period.
• C)Accrued revenues are also called unearned revenues.
• D)Accrued revenues are listed on the balance sheet as liabilities.
• E)Accrued revenues are recorded at the end of an accounting period because cash has already been received for revenues earned.

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Definitions:

Genetic Mutations

Permanent alterations in the DNA sequence that make up a gene, resulting in the gene functioning differently than normal.

Inheritable

Refers to traits or characteristics that can be passed down from one generation to the next through genes.

Acquired Mutations

Genetic alterations that occur in an organism's lifetime rather than being inherited, often resulting from environmental factors or errors in DNA replication.

Tay-Sachs Disease

A genetic disorder caused by a deficiency of a specific enzyme, leading to the accumulation of fats in nerve cells, resulting in progressive neurodegeneration.