Solution-Which deferred revenues are liabilities because

Which deferred revenues are liabilities because

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Reference no: EM132954237

Problem 1: Deferred Revenues are liabilities because:

Option 1: the customer may someday return items purchased for a refund.

Option 2: goods or services have been paid for, but not yet provided to the customer.

Option 3: the company is transferring them to another period for tax reasons.

Option 4: no cash has changed hands.

Reference no: EM132954237

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Which deferred revenues are liabilities because

Reference no: EM132954237

Reference no: EM132954237

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