Accrued Revenues

Multiple Choice

Accrued revenues:

A) At the end of one accounting period result in cash receipts in a future period.
B) At the end of one accounting period often result in cash payments in the next period.
C) Are also called unearned revenues.
D) Are listed on the balance sheet as liabilities.
E) Are recorded at the end of an accounting period because cash has already been received for revenues earned.