Deferred (Unearned) Revenue is defined as: O the process of allocating the cost of an asset, such as equipment, to expense over the useful life of the asset. O amounts the company expects to collect from customers based on the delivery of service or products. O costs of assets acquired in one period that will be expensed in a future period. total amounts owed to creditors for loaning money to the company. O amount shareholders have invested in the business. cash in advance from a customer for products or services to be provided in the future