The Advance Cash Receipts of Future Revenues Are Called

question 18

Multiple Choice

The advance cash receipts of future revenues are called:

• A)accrued revenues.
• B)prepaid expenses.
• C)unearned revenues.
• D)accrued expenses.

---

Definitions:

Carrying Value

Carrying value is the book value of an asset or liability on a company's balance sheet, calculated as the original cost minus any depreciation, amortization, or impairment costs.

Market Rate

The prevailing price or interest rate available in the marketplace for goods, services, or securities.

Contractual Rate

The agreed-upon interest rate specified in a contract, such as in a loan agreement or bond.

Market Rate

The prevailing interest rate or cost of borrowing for securities in the open market, often influenced by supply and demand.