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Question Deferred Revenue is Cash received from customers in advance of providing a good or service Represent a companies obligation to provide goods or services

Question Deferred Revenue is

Cash received from customers in advance of providing a good or service

Represent a companies obligation to provide goods or services in the future

Example A publishing company receives an annual subscription fee of 1,400 at the start of the annual subscription period (April 1, 2017)

Assuming that the publishing company fiscal year is aligned with the civil calendar

Task what is the deferred revenue?

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