Which Statement About Deferred Revenue Is Correct

question 54

Multiple Choice

Which statement about deferred revenue is correct?

• A)Deferred revenue is a financial liability.
• B)Deferred revenue is a non-financial liability.
• C)Deferred revenue is a held for trading financial liability.
• D)Deferred revenue arises when the contract is signed.

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Definitions:

Sutures

Threads or staples used by surgeons to close wounds or surgical incisions.

Wound Healing

The process of the body repairing tissue damage through stages that include clotting, inflammation, growth, and remodeling.

Staples

Metal wires bent to form a U shape, used to bind sheets of paper together or to attach materials to surfaces.

Sebaceous Cyst Removal

The surgical procedure to remove a sebaceous cyst, which is a closed sac under the skin filled with a cheese-like or oily material.