Answer the following question:

As at its fiscal year-end, Zebra Corporation has $2,000 in unearned revenue and $500 accounts receivable.

Which of the following statements is most likely to be true for the year-end financial statements: (hint: for accrued revenue cash is not received yet)

a) There is no accrued revenue and only deferred revenue.

b) All revenue recognized has been received in cash

c) Accrued revenue equals accrued revenue

d) Unearned revenue exceeds accrued revenue

e) Accrued revenue exceeds unearned revenue