Revenue That Has Been Earned but Not Yet Collected in Cash

question 149

Multiple Choice

Revenue that has been earned but not yet collected in cash is called a(n) :

• A)accrued revenue.
• B)prepaid expense.
• C)unearned revenue.
• D)accrued expense.

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Definitions:

Court of Appeals

A higher court that reviews the decisions of lower courts to ensure the correct application of law.

New York

A state in the northeastern United States, known for its significant cultural, financial, and media impact globally, with New York City as its largest city.

Maryland

A state located in the Mid-Atlantic region of the United States, known for its significant history and diverse geography.

Appellate Courts

Courts with the authority to review and revise decisions made by lower courts, ensuring legal errors are corrected.