Examlex
Which of following business customers provide services similar to those delivered by wholesalers and retailers of consumer goods?
Gross Earnings
The total amount of money earned by an individual or organization before any deductions are made.
Contingent Liabilities
Contingent liabilities are potential liabilities that may occur depending on the outcome of a future event, and are recorded in the company's financial statements if probable and estimable.
Unearned Revenues
Liabilities representing payments received for goods or services that have not yet been delivered or performed.
Deferred Revenues
Income received by a company for goods or services yet to be delivered or performed, recorded as a liability on the balance sheet until earned.
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