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Advance payments from customers that will be applied to the purchase price of goods are delivered or services to be provided in the future represent:
Advance payments from customers that will be applied to the purchase price of goods are delivered or services to be provided in the future represent:
1- Liabilities until the product or service is provided
2- Revenue upon receipt of the advance payment
3- A component of shareholders' equity
4- Long-term assets until the product or service is provided
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