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    Accounting Study Set 1
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    Exam 3: The Adjusting Process
  5. Question
    In the Case of Deferred Revenue,the Adjusting Entry at the End
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In the Case of Deferred Revenue,the Adjusting Entry at the End

Question 174

Question 174

True/False

In the case of deferred revenue,the adjusting entry at the end of the period includes a debit to Service Revenue.Assume the deferred revenue is initially recorded as a liability.

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