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.

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Definitions:

Derivative Action

A lawsuit brought by a corporation shareholder against the directors, management, or other shareholders of the corporation for a failure in duty that harmed the corporation.

Oppression Remedy

A legal remedy designed to protect minority shareholders in a company from unfair treatment or abusive actions by majority shareholders or the company's directors.

Shareholders' Agreement

A contract among the shareholders of a company that specifies their rights, obligations, and the company's operational procedures.

Special Act Corporation

A corporation that is created by a specific act of a legislature, tailored for a particular purpose or corporation.