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CFA Level 1 Question of the Week - Financial Reporting and Analysis

Matt_AnalystPrepMatt_AnalystPrep MontrealPosts: 66 Associate
edited January 25 in CFA Practice Questions

If at the end of the financial reporting period, a company receives cash for books which are to be delivered in the following period, the most appropriate accounting entry would be to record the transaction as:

CFA Level 1 Question of the Week - Financial Reporting and Analysis 5 votes

A. accrued revenue.
40% 2 votes
B. deferred revenue.
40% 2 votes
C. prepaid expenses.
20% 1 vote
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