Accrued revenues would appear on the balance sheet as
A) assets
B) liabilities
C) common stock
D) prepaid expenses

Name: Accrued revenues would appear on the balance sheet as A) assets B) liabilities C) common stock D) prepaid expenses
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Question

Quizplus · Accepted Answer

Accrued revenues are revenues that have been earned but have not yet been received or recorded. Therefore, they are considered assets because the company has the right to receive the revenue in the future.

Accrued Revenues Would Appear on the Balance Sheet as