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Which of the following are true statements about deferred revenues? 1. May also be referred to as unearned revenue II. Initially recorded by a
Which of the following are true statements about deferred revenues? 1. May also be referred to as unearned revenue II. Initially recorded by a credit to deferred revenues and a debit to retained earnings III. Represents funds received before goods or services have been provided IV. Is a form of low cost financing 1 & 11 O II & III O I & III O I, III & IV
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