This Liability Account Is Credited When Cash Is Received for Goods

question 6

Multiple Choice

This liability account is credited when cash is received for goods and/or services in advance of being earned

• A) Pre-earned Revenues
• B) Unearned Revenues
• C) Advanced Revenues
• D) Prepaid Revenues

---

Definitions:

IPO Stage

The phase in which a private company becomes a public company by offering its shares to the public for the first time.

Maturity Stage

A phase in the life cycle of a product, business, or industry where growth stabilizes, and sales plateau, often leading to increased competition for market share.

Business Incubators

Entities structured to boost the development and prosperity of start-up businesses by offering a variety of business support tools and services.

Survival Rates

The percentage of individuals or entities that continue to exist after a certain period of time or through specific challenges.