Deferred revenue is classified as a(n)
A) asset account.
B) revenue account.
C) equity account.
D) liability.
Correct Answer:
Verified
Q65: The Jasmine Corporation purchased a notebook computer
Q66: Which of the following reflects the balances
Q67: The Town Laundry Ltd.purchased $5,500 worth of
Q68: If a business has received cash in
Q69: A legal firm received $2,000 cash for
Q71: Which of the following statements is true
Q72: Prepaid expenses are
A)paid and recorded in an
Q73: Which of the following accounts would not
Q74: The balance in the Prepaid Rent account
Q75: Ray Autobody purchased a car jack for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents