Deferred Revenue Occurs When Cash Is Received from a Customer

question 36

True/False

Deferred revenue occurs when cash is received from a customer before work or the sale is completed.

---

Definitions:

Technological Improvements

Innovations and advancements that enhance productivity, efficiency, and product quality in various industries.

Standard Of Living

The level of wealth, comfort, material goods, and necessities available to a person, group, or country.

Worker-Hour

A unit of measure representing the amount of work accomplished by one worker in one hour.

Productive

Relating to the ability to produce a significant amount or result, especially in terms of goods or services.