Question: A deferral occurs when Blank _ _ _ _ _ _ . Multiple choice question. both the cash payment and the revenue or expense recognition

A deferral occurs when Blank______.
Multiple choice question.
both the cash payment and the revenue or expense recognition will occur in the future
cash is paid after a revenue or expense is recognized
cash is paid at the same time a revenue or expense is recognized
cash is paid before a revenue or expense is recognized
Multiple choice question.
is recognized after the associated cash has been collected
and the associated cash collection occur in the future
and the associated cash collection occur simultaneously
is recognized before the associated cash is collected

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