Multiple Choice
Which of the following is an example of a deferred revenue?
A) A university receives cash from students prior to the start of classes.
B) A convenience store sells newspapers to its customers.
C) Both a university receives cash from students prior to the start of classes and a convenience store sells newspapers to its customers.
D) Neither a university receives cash from students prior to the start of classes nor a convenience store sells newspapers to its customers.
Correct Answer:
Verified
Correct Answer:
Verified
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