Question
A firm's beginning and ending balances for deferred (unearned) revenue are $40 and $50, respectively. The amount of revenue recognized related to this account was
A firm's beginning and ending balances for deferred (unearned) revenue are $40 and $50, respectively. The amount of revenue recognized related to this account was $20. How much cash was received from customers? Select One
a.$50
b.$10
c.$30
d.$20
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Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham
7th Canadian Edition
133138445, 978-0133926330, 133926338, 978-0133138443
