Which Statement About Deferred Revenue Is Correct

question 54

Multiple Choice

Which statement about deferred revenue is correct?

• A)Deferred revenue is a financial liability.
• B)Deferred revenue is a non-financial liability.
• C)Deferred revenue is a held for trading financial liability.
• D)Deferred revenue arises when the contract is signed.

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Definitions:

Directive Leadership Style

A leadership approach where the leader gives clear and authoritative directions to subordinates, setting clear standards and expectations.

Satisfied Employee

An employee who experiences contentment and fulfillment from their job, often leading to higher productivity and loyalty to the company.

Identifying Skills

The ability to recognize, categorize, and label individual and group skills.

Worker Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work, which can significantly affect productivity and team cohesion.