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Collecting cash from a customer as a refundable deposit or as an advance payment for products or services creates a liability Select an answer and
Collecting cash from a customer as a refundable deposit or as an advance payment for products or services creates a liability Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a To be classified as long-term only. b To return the deposit or to supply the products or services c That is not recorded on the balance sheet until it is being repaid. d That always converts to revenue
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