Which of the Following Do Not Apply to Unearned Revenues

question 91

Multiple Choice

Which of the following do not apply to unearned revenues?

• A)May also be called deferred revenues.
• B)Amounts received in advance from customers for future delivery of products or services.
• C)Gift cards are an example.
• D)Result from prepayments for concert tickets.
• E)Amounts to be received in the future from customers for delivery of products or services in the current period.

---

Definitions:

Direct Labor

The pay awarded to employees who are directly part of manufacturing goods or delivering services.

Raw Materials Conversion

This process involves transforming raw materials into components or products through manufacturing or production processes.

Materially Associated

Refers to the significance of information or transactions in the context of its impact on financial decision-making or reporting.

Directing

The management process of guiding and overseeing the work of employees to meet organizational objectives.