Deferred Revenues (Unearned Revenues)are Items Initially Recorded as Liabilities,but Expected

question 102

Multiple Choice

Deferred revenues (unearned revenues) are items initially recorded as liabilities,but expected to become over time.

• A)liabilities
• B)assets
• C)revenues
• D)expenses

Understand the nature and characteristics of services including intangibility, inseparability, heterogeneity, perishability.

Identify and explain the differences between goods and services.

Recognize the challenges and opportunities presented by the service aspect in marketing.

Comprehend the concepts and applications of the Service Gaps Model.

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Definitions:

Real Property

Land and any permanent structures or improvements attached to it, such as buildings and houses, legally recognized as immovable.

Easement

A privilege to traverse or make use of another individual's property for a particular reason.

Chattel

Movable assets distinct from land or buildings.

Leasehold Estate

An interest in real property that gives the holder the right to possession and use of the property for a specified term under a lease.