Series 79: Deferred Revenue

Taken from our Series 79 Top-off Online Guide

Deferred Revenue

Deferred revenue is the mirror image of deferred assets. Whereas a deferred asset is an expense prepaid by the company, deferred revenue is paid to the company by someone else (a customer, usually) for goods or services that have not yet been provided. The revenue is recognized when the good or service is provided.

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Solomon Exam Prep Study Materials for the Series 79
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