Question: When payment is received before services have been performed, a liability is recorded unless the services will be performed within the next operating cycle. revenue

When payment is received before services have been performed,
a liability is recorded unless the services will be performed within the next operating cycle.
revenue is accrued until the service has been performed.
a liability is recorded because there is an obligation to perform services in the future.
revenue is recorded because the payment has been received.
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When payment is received before services have

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