Examlex
Simplify and collect like terms:
Deferred Revenue
Income received by a company for goods or services yet to be delivered or performed, recognized as a liability until the obligation is fulfilled.
Unearned Rent
is income received by a landlord for rent that has been paid in advance by a tenant but has not yet been earned.
Adjust Revenue
The act of modifying the reported amount of revenue to more accurately reflect the earnings of a period, following certain accounting principles and standards.
Reported
Refers to information or data that has been officially announced or presented.
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