Deferred Revenue Is Another Term for Which of the Following

question 28

Essay

Deferred revenue is another term for which of the following?
A.Prepaid expenses.
B.Sales revenue.
C.Trade payables.
D.Unearned revenue.

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Definitions:

Loading Dock

A designated area in a facility where goods are loaded onto or offloaded from vehicles or shipping containers.

Bailment

A legal relationship in which physical possession of personal property is transferred from one person to another, who subsequently holds the property for a certain purpose under an agreement.

Bailed Property

Personal property that has been transferred to another under a bailment agreement, where the receiver has a duty to return or handle the property as directed.

Compensation

Payment or benefit given, often to employees or in settlement of a claim, for services rendered, loss suffered, or injury incurred.