Examlex
Which of the following settings is most likely to have high precipitation?
Deferred Revenue
Deferred revenue is income a company has received for goods or services yet to be delivered or performed, recognized as a liability on the balance sheet until the obligation is fulfilled.
Accounts Receivables
Money owed to a business by its clients for goods or services delivered but not yet paid for.
Insurance
A contractual arrangement where one party, the insurer, compensates another party, the insured, for losses from specific events or dangers.
Accounts Receivable
Money owed by customers to a company for goods or services that have been delivered or used but not yet paid for.
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