Define deferred revenue. Why is it a liability?

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Financial Accounting

ISBN: 978-0078111020

7th Edition

Authors: LibbyShort

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Question Posted: Dec 12, 2011 09:44 AM

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Define deferred revenue. Why is it a liability?

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A deferred revenue usually called unearned revenue or revenue collected in advance is a revenue that ...View the full answer

Financial Accounting

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