Deferred Revenues Are Assets Because the Business Has Collected the Cash

question 45

True/False

Deferred revenues are assets because the business has collected the cash before earning the revenue.

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Definitions:

Vacation

A period of time spent away from home or business in travel or recreation.

Preferred Date

is the specific date chosen or requested by an individual or organization for an event or appointment to take place.

Efficient Use

The practice of utilizing resources in a manner that maximizes productivity and effectiveness while minimizing waste.

Double-Booking

The practice of scheduling two appointments or reservations for the same time slot.