Which One of the Following Is an Example of a Deferred

question 116

Multiple Choice

Which one of the following is an example of a deferred revenue?

• A)Sales are made to customers on credit.
• B)Revenue has been earned but not yet recorded.
• C)Payments are received prior to providing the services to customers.
• D)Cash sales are made to customers.

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Definitions:

X-Ray Results

The findings obtained from radiographic imaging, used to diagnose or assess various medical conditions.

Medical Assistant

A healthcare professional who supports the work of physicians and other health professionals, usually in a clinic setting.

Discussing a Bill

The act of debating, scrutinizing, or deliberating over a proposed law or legislation within a governing body before it is passed or rejected.

Collection Agency

An enterprise engaged in collecting payments from individuals or businesses for outstanding debts.