Business
Business, 25.06.2021 05:10, savannahvargas512

True or false: A reduction of the deferred revenue account can be interpreted as a leading indicator of lower future revenues. Explain False. Revenue is recognized when the deferred revenue liability increases. If the deferred revenue account has decreased, more cash came in from customers and more revenue will be recognized in the future. True. Revenue is recognized when the deferred revenue liability decreases. If the deferred revenue account has decreased, less cash came in from customers and less revenue will be recognized in the future. False. Revenue is recognized when the deferred revenue liability decreases. If the deferred revenue account has decreased, less cash came in from customers and more revenue will be recognized in the future. True. Revenue is rec

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