Question $19(0\mathrm{.}5$ points$)$

SLO $3$: ABAC Farm's President does not have an accounting background and does

not understand some of the accounting terms used. Help the president out by

selecting the answer that best describes the term Accrued Revenues:

Accrued Revenues are revenues at the end of one accounting period result in

cash receipts in a future period.

Accrued Revenues are revenues at the end of one accounting period often result

in cash payments in the next period.

Accrued Revenues are also called unearned revenues since they represent

money that has been paid for services but not earned.

Accrued Revenues are really liabilities and are listed on the balance sheet as

such.

Accrued Revenues are revenues recorded at the end of an accounting period

because cash has already been received for revenues earned