When a concert promoting company collects cash for tickets sales two months in advance of the show

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When a concert promoting company collects cash for tickets sales two months in advance of the show date, which of the following accounts is recorded?

a. Accrued Expense

c. Deferred Expense

b. Accrued Revenue

d. Deferred Revenue LO1

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Financial Accounting

ISBN: 9780070891739

1st Canadian Edition

Authors: Robert Libby

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