Which of the Following Is Associated with Cash Received in Advance

question 2

Multiple Choice

Which of the following is associated with cash received in advance for services to be performed in the future?

• A)Estimated warranty payable
• B)Accounts payable
• C)Unearned revenue
• D)Accrued expense

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Definitions:

Pièce De Résistance

The most outstanding or special part of a meal, event, or work of art.

Alternative-Choice Close

A sales technique where the salesperson presents the prospect with two choices, both leading to a sale, aiming to simplify the decision-making process.

Two Options

In decision making, presenting specifically two choices for easier selection or comparison.

Prospect

A prospect is a potential customer or client who has been identified as fitting a target market or criteria for a product or service.