As of December 31 st , 2020, the balance in Getflixs deferred revenue account on its balance

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As of December 31^st, 2020, the balance in Getflix’s deferred revenue account on its balance sheet was $17,044.

On January 1^st, 2021, Getflix received $65,930 in cash from customers for streaming services Getflix will provide in January.

During January, Getflix provided $71,004 worth of streaming services to customers.

What would be the balance in Getflix’s deferred revenue account on its balance sheet as of January 31^st, 2021 ?

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Authors: John Wild

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Posted Date: Jul 07, 2023 07:27 AM

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As of December 31 st , 2020, the balance in Getflixs deferred revenue account on its balance

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Balance in deferred revenue account as of December 31st 2020 17044 Cash received f... View the full answer

Financial Accounting with IFRS Fold Out Primer

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