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  3. accrued revenues: multiple choice at the end of

Accrued revenues: Multiple Choice At the end of one accounting period result in...

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Accounting

Accrued revenues:

Multiple Choice

  • At the end of one accounting period result in cash receipts in a future period.

  • At the end of one accounting period often result in cash payments in the next period.

  • Are also called unearned revenues.

  • Are recorded at the end of an accounting period because cash has already been received for revenues earned.

  • Are listed on the balance sheet as liabilities.

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