Which of the Following Is True of Accrued Revenues

Multiple Choice

Which of the following is true of accrued revenues?

A) Accrued revenues at the end of one accounting period often result in cash receipts from customers in the next period.
B) Accrued revenues at the end of one accounting period often result in cash payments in the next period.
C) Accrued revenues are also called unearned revenues.
D) Accrued revenues are listed on the balance sheet as liabilities.
E) Accrued revenues are recorded at the end of an accounting period because cash has already been received for revenues earned.