Deferred Revenues are liabilities because:
A)no cash has changed hands.
B)goods or services have been paid for,but not yet provided to the customer.
C)the company is transferring them to another period for tax reasons.
D)the customer may someday return items purchased for a refund.

Question

Quizplus · Accepted Answer

Deferred Revenues represent a liability because goods or services have been paid for,but not yet provided to the customer.

Deferred Revenues Are Liabilities Because