Which of the Following Is an Example of Accrued Revenue

question 110

Multiple Choice

Which of the following is an example of accrued revenue?

• A)snow removal services that have been paid for three months in advance
• B)snow removal services that have been provided but have not been billed or paid
• C)an agreement that has been signed for snow removal services for the next three months
• D)snow removal services that has been provided and paid on the same day

---

Definitions:

Innovations

refer to new ideas, methods, or devices that bring improvements or changes; the act or process of introducing new ideas, devices, or methods.

Transportation and Communication

Refers to the systems and methods used to move people and information from one place to another, including roads, railroads, air travel, emails, and telephones.

Overland Transportation

Transport of people and goods by land, including via railroads, trucks, or carriages, often used for shorter distances compared to maritime or air shipping.

Market Revolution

A transformative period that reshaped the U.S. economy through advancements in technology, transportation, and communication, linking regional markets into a national economy.