The Deferred Revenue Account in Government Accounting Is Frequently Used

question 26

Multiple Choice

The Deferred Revenue account in government accounting is frequently used for

• A)taxes billed that are not expected to be collected within 60 days of the fiscal year end.
• B)taxes billed that are not expected to be collected based on a bad debt percentage history.
• C)taxes that are to be remitted from another government agency in the second month before the fiscal year end.
• D)taxes that are to be remitted from another government agency in the first month after the fiscal year end.

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Definitions:

Intense Feelings

Strong emotions that are deeply felt and can significantly impact behavior and decision-making.

Emotions

These are complex psychological states involving thoughts, feelings, physiological changes, and behaviors in response to stimuli.

Emotional Dissonance

A discrepancy between the emotions a person displays and the emotions he or she actually feels.

Conceal Frustration

The act of hiding or suppressing feelings of annoyance or upset often to maintain social harmony or professionalism.