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You and your roommate are discussing your early childhoods.She is getting very frustrated because she cannot remember anything that happened to her before about age 2.She remembers stories that her parents told her about when she was younger,but she does not actually remember those memories herself.What would you tell her? The inability to remember anything prior to age 2 is common and is referred to as ____.
Unearned Revenues
Unearned revenues are funds received by a company for goods or services yet to be delivered or performed, recognized as a liability on the balance sheet until the obligation is fulfilled.
Unearned Consulting Revenue
Revenue received for services that have not yet been performed or delivered and is recorded as a liability until the service is provided.
Consulting Revenue
Income generated from providing expert services to clients on a professional basis.
Down Payment
An initial upfront portion of the total amount due that is paid at the time of purchase, often in the context of buying property or high-value items.
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