Unearned Revenues Are

question 180

Multiple Choice

Unearned revenues are:

• A)Also called deferred revenues.
• B)Amounts received in advance from customers for future delivery of products or services.
• C)Also called collections in advance.
• D)Also called prepayments.
• E)All of the choices are correct.

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Definitions:

Witness

An individual who has knowledge about a fact or event, often called upon to testify in court.

Civil Litigation Trial

The court process in which parties in a dispute present their case to a judge or jury, involving non-criminal matters.

Plaintiff

An individual or entity who initiates a lawsuit against another in a court of law.

Defendant

An individual, company, or institution being sued or accused in a court of law.