Match the Following Choices to the Listed Situation

question 69

Multiple Choice

Match the following choices to the listed situation.
-Cash was collected from customers for rental of tents for next year

• A)a deferred expense
• B)a deferred revenue
• C)an accrued liability
• D)an accrued asset

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Definitions:

Effective Date of Registration

The effective date of registration is the specific date on which a document, such as a company's securities registration, becomes officially valid and enforceable.

Securities Act

Refers to laws that regulate the issuance and trading of securities, such as stocks and bonds, to protect investors from fraud and ensure transparency in the financial markets.

Due Diligence Defense

A legal defense used in securities law where the accused party argues they conducted a comprehensive and reasonable investigation prior to an alleged wrongdoing.

Private Placement Exemption

A regulatory exception that allows companies to sell securities directly to a limited number of qualified investors without the need for a public offer.