Series 79: Deferred Revenues

Taken from our FINRA Investment Banking Exam

Definition of the term Deferred Revenues...

a category of liability on a company’s balance sheet. It represents a good or service that the company has been paid for, but has not yet delivered. If delivery of the good or service is expected to occur within 12 months, the deferred revenues are considered a current liability. If not, they are considered a long-term liability. Compare to deferred asset.

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