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31. The ending balance in the account "deferred revenues" should report which of the following: *

31. The ending balance in the account "deferred revenues" should report which of the following: *

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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31. The ending balance in the account "deferred revenues" should report which of the following: * A. The accrued amount of fees that have been earned. B. The original amount of fees received in advance from a customer. C. The fees received in advance which are yet to be earned. D. The amount of fees received in advance, and which are already earned
Transcribed Image Text:31. The ending balance in the account "deferred revenues" should report which of the following: * A. The accrued amount of fees that have been earned. B. The original amount of fees received in advance from a customer. C. The fees received in advance which are yet to be earned. D. The amount of fees received in advance, and which are already earned
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