Which of the following statements is true about deferred revenue expenses? (a) The economic benefits from these

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Which of the following statements is true about deferred revenue expenses?

(a) The economic benefits from these are expected in the long-term period beyond the immediate next twelve months.

(b) The economic benefits are to be drawn only in the immediate next twelve months.

(c) The economic benefits have been realized in the past.

(d) None of these.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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