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    Core Concepts of Accounting
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    Exam 3: The Mechanics of Double-Entry Bookkeeping
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    An Amount Received by a Business for a Service or Product
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An Amount Received by a Business for a Service or Product

Question 13

Question 13

Multiple Choice

An amount received by a business for a service or product that will be provided or delivered in the future is


A) accrued expense.
B) accrued revenue.
C) deferred expense.
D) deferred revenue.
E) operating income.

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