The balance in deferred (unearned)revenue accounts represents amounts that are $\begin{array}{ll}&\text { Earned }&\text { Collected }\
I.&\text { Yes } & \text { No } \
II.&\text { Yes } & \text { Yes } \
III.&\text { No } & \text { No } \
IV.&\text { No } & \text { Yee }
\end{array}$
A)I
B)II
C)III
D)IV

Question

Quizplus · Accepted Answer

Deferred (unearned) revenue represents amounts that have been collected but not yet earned, meaning the company has received payment for goods or services it has yet to deliver or perform.

The Balance in Deferred (Unearned)revenue Accounts Represents Amounts That Are