The Deferred Revenue account is shown in which statement?
A)Income statement.
B)Statement of cash flows.
C)Balance sheet.

Name: The Deferred Revenue account is shown in which statement? A)Income statement. B)Statement of cash flows. C)Balance sheet.
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Question

Quizplus · Accepted Answer

The Deferred Revenue account is a liability account that represents the amount of cash received in advance of the goods or services being delivered to the customer. Therefore, it appears on the balance sheet as a current liability.

The Deferred Revenue Account Is Shown in Which Statement