Revenue Items That Are Earned but Have NOT Been Collected

question 98

Multiple Choice

Revenue items that are earned but have NOT been collected or recognized are called

• A) Unearned receivables
• B) Deferred revenues
• C) Unrecorded receivables
• D) Prepaid revenues

---

Definitions:

Marginal Cost

The expense associated with creating an extra unit of a product or service.

Total Cost

The complete cost of producing a specific quantity of output, including both fixed and variable costs.

Output

The total amount of goods or services produced by a company, industry, or economy within a certain period.

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor directly used in the manufacturing process.