Multiple Choice
Which of the following situations results in deferred revenue?
A) Collected $100 from a customer who purchased goods a month ago.
B) Received an order from a customer who will purchase and pay for goods in two weeks.
C) Sold goods for $100 today with payment due from the customer in 30 days.
D) Received $100 cash from a customer for an order of goods to be shipped next month.
Correct Answer:

Verified
Correct Answer:
Verified
Q192: Breezy Refunds Co.provides tax services on April
Q193: Expenses are increased with:<br>A)debits because they decrease
Q194: Which of the following accounts has a
Q195: During June,Parker's Lawn Service mows 100 lawns
Q196: During January,services totaling $1,500 were performed on
Q198: When a company postpones reporting revenue until
Q199: When cash is paid for something that
Q200: When Tulip Company delivers flowers to customers
Q201: If the purchase of supplies on account
Q202: If a company incorrectly records a payment