Recording Revenue That Is Earned,but Not Yet Collected,is an Example

question 121

Multiple Choice

Recording revenue that is earned,but not yet collected,is an example of:

• A)A prepaid expense transaction.
• B)A deferred revenue transaction.
• C)An accrued liability transaction.
• D)An accrued receivable transaction.

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Definitions:

DBRS

DBRS is a globally recognized credit rating agency that provides independent assessments of the creditworthiness of companies and sovereign entities.

Investment Grade

A rating that signifies a municipal or corporate bond presents a relatively low risk of default.

Highest Rating

The top tier or grade assigned by rating agencies to entities or securities, indicating the lowest risk of default.

Bid Price

The highest price a buyer is willing to pay for an asset in the financial markets.