Which of the following do not apply to unearned revenues? A. Also called deferre

ID: 2472705 • Letter: W

Question

Which of the following do not apply to unearned revenues?

A. Also called deferred revenues.

B. Amounts received in advance from customers for future delivery of products or services.

C. Also called collections in advance.

D. Also called prepayments.

E. Amounts to be received in the future from customers for delivery of products or services in the current period.

Short-term notes payable:

a. Cannot replace an account payable.

b. Can be issued in return for money borrowed from a bank.

c. Are not negotiable.

d. Are a conditional promise to pay.

e. Rarely involve interest charges.

E. Amounts to be received in the future from customers for delivery of products or services in the current period.

Short-term notes payable: a. Cannot replace an account payable

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.