Define deferred revenue. Why is it a liability?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 91% (12 reviews)
A deferred revenue usually called unearned revenue or revenue collected in advance is a revenue that ...View the full answer
Answered By
Mamba Dedan
I am a computer scientist specializing in database management, OS, networking, and software development. I have a knack for database work, Operating systems, networking, and programming, I can give you the best solution on this without any hesitation. I have a knack in software development with key skills in UML diagrams, storyboarding, code development, software testing and implementation on several platforms.
4.90+
60+ Reviews
144+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Define accumulated other comprehensive income (loss). Why is it a separate component of shareholders equity?
-
During the long evolution of government accounting, many scholars have discussed its unique features. In the August 1989 issue of the Journal of Accountancy, R. K. Mautz described the reporting needs...
-
Why is it a good idea to bid your (known) valuation in a second-price, sealed-bid auction? Why is it a bad idea to bid your (known) valuation in a first-price, sealed-bid auction? Explain, with...
-
ME-1" Ltd. acquired 80% equity shares of You-2nd Ltd. on 30/04/2020 for a cost of GHS60,000. At that time the general reserves were GHe6,000 respectively.
-
Carlson's general business credit (before limitations) for the current year is $84,000. His net income tax is $190,000, tentative minimum tax is $175,000, and net regular tax liability is $185,000....
-
Find the equation of the tangent line to the curve y = (x - 2) 5 (x + 1) 2 at the point (3, 16).
-
Outline how standard desktop applications such as a spreadsheet or database can be used to set up a basic T&D system.
-
Three banks that are wholly owned by the Republic of Costa Rica had issued promissory notes, payable in U.S. dollars in New York City. The notes are now in default due solely to actions of the Costa...
-
ces On January 1, 2024, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2025. Expenditures on the...
-
As of June 2016, Facebook (FB) had no debt. Suppose the firm's managers consider issuing zero-coupon debt with a face value of $231 billion due in January of 2018 (19 months) and using the proceeds...
-
Define accrued liability. What type of entry usually reflects an accrued liability?
-
Define note payable. Differentiate between a secured and an unsecured note.
-
Evaluate the following limits. In (3x + 5) lim x In (7x + 3) + 1
-
You know that one brand of chewing gum has a surface tension of 0.0335 N/m. You decide to buy a new brand of chewing gum and blow a bubble of it. You notice the bubble is 1/2.4 the radius of the...
-
As services became opportunities for Apple over the past few years but there were growing challenges that Apple has been facing. What are the Challenges of Cook in the short run and in the long run?...
-
For the common-base network of Fig. 4.138 a. Using the information provided determine the value of Ro b. Find the currents I and I. c. Determine the voltages VBC and VCE 14 V RC Ve=8V H 4Vo 8=90 RE...
-
Over a period of time, four changes are noted: 1. The price of beer increases. 2. The price of wine increases. 3. The demand for beer shifts. 4. The quantity of beer consumed increases. What is the...
-
Pick a product that appears to be increasing in price right now due to inflation or holidays or whatever. Build a model that shows potential cost of the product, and the target profit margin. Then...
-
What are the common raters problems? How can they be overcome?
-
A company produces earbuds. The revenue from the sale of x units of these earbuds is R = 8x. The cost to produce x units of earbuds is C = 3x + 1500. In what interval will the company at least break...
-
Can a consistent and dependent system have exactly two solutions? Exactly three solutions? Explain.
-
On July 12, Lasting Carper Inc., a carpet wholesaler, issued for cash 300,000 shares of no-par common stock (with a stated value of $4) at $9, and on November 18, it issued for cash 40,000 shares of...
-
On April 15, Hass Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 17,500 shares of $20 par common stock with a current marker price of $30. Journalize the entry to record...
-
Fantastic Sounds Corp., an electric guitar retailer, was organized by Pam Mikhail, Jane Lo, and Dale Nadal. The charter authorized 400,000 shares of common stock with a par of $50. The following...
-
The quality-control department of Starr Communications, the manufacturer of video-game DVDs, has determined from records that 1.6% of the DVDS sold have video defects, 0.9% have audio defects, and...
-
What is the half-life in hours of procainamide in a patient whose total clearance is estimated to be 20 L/h and the volume of distribution is 120 L assuming one compartment, open model, first- order...
-
1. The technologies, such as ChatGPT, has been launched before introducing even a baseline of safety measures. This goes back to trade-offs that companies make, and people just watch the impact from...
Study smarter with the SolutionInn App