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Match the Following Types of Adjusting Entries to the Listed

Question 64

Multiple Choice

Match the following types of adjusting entries to the listed situation. (Choices may be used more than once.)
-Revenue is earned for previously received advance cash collections


A) a deferred (prepaid) expense
B) a deferred (unearned) revenue
C) an accrued expense
D) an accrued revenue

Correct Answer:

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