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:

527s

Tax-exempt organizations that engage in political activities, often through fund-raising and campaigning, but cannot directly advocate for or against specific candidates.

501(c)(4)s

Social welfare organizations recognized under the U.S. Internal Revenue Code, able to engage in political activities as long as it is not their primary activity.

PACs

Political Action Committees (PACs) are organizations that collect funds to donate to electoral campaigns, supporting candidates or legislations.

Political Parties

Organized groups of people with similar political aims and opinions, seeking to influence public policy by getting their candidates elected to public office.