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    Intermediate Accounting Study Set 8
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    Exam 3: The Accounting Information System
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    When an Item of Revenue Is Collected and Recorded in Advance
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When an Item of Revenue Is Collected and Recorded in Advance

Question 35

Question 35

Multiple Choice

When an item of revenue is collected and recorded in advance, it is normally called a(n) ___________ revenue.


A) accrued
B) prepaid
C) unearned
D) cash

Correct Answer:

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