Which of the Following Accounts Represents a Deferred Revenue? I

question 114

Multiple Choice

Which of the following accounts represents a deferred revenue? i. Interest Revenue
Ii. Income Tax Payable
Iii. Unearned Subscription Revenue

• A)i only
• B)iii only
• C)ii only
• D)both ii and iii

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Definitions:

Secretin

A hormone secreted by the small intestine that stimulates the pancreas to release bicarbonate, neutralizing stomach acid.

Disaccharidases

Enzymes located in the small intestine that catalyze the breakdown of disaccharides into monosaccharides, facilitating absorption.

Small Intestine

A part of the digestive system where most of the digestion and absorption of nutrients takes place, extending from the stomach to the large intestine.

Secretin

A hormone produced by the small intestine that stimulates the pancreas to release bicarbonate-rich fluid, aiding digestion.