Question: 2. What statement about deferred revenue is correct? 1. Deferred revenue is measured using expected values. 2. Deferred revenue arises when the goods are shipped.

2. What statement about deferred revenue is correct? 1. Deferred revenue is measured using expected values. 2. Deferred revenue arises when the goods are shipped. 3. Deferred revenue is always a non-current liability 4. Deferred revenue could be recognized as equity 5. Deferred revenue could arise from loyalty programs

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