Why is a deferred revenue a liability? Provide two examples of deferred revenues. Why are adjusting entries

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Why is a deferred revenue a liability? Provide two examples of deferred revenues. Why are adjusting entries generally required at the end of an accounting period for deferred revenues?

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Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Question Posted: Mar 27, 2015 06:13 AM

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Why is a deferred revenue a liability? Provide two examples of deferred revenues. Why are adjusting entries

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A deferred revenue is a liability because the organization has received cash ...View the full answer

Core Concepts of Accounting

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