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IRISSAK [1]
3 years ago
11

When a customer pays far enough in advance to require the seller to record interest expense and accrued interest payable based o

n the advancecollection amount, the amount of revenue recognized by the seller when all performance obligations have been met and delivery is complete willa. Exceed the amount of deferred revenue initially recorded.b. Be lower than the amount of deferred revenue initially recorded.c. Be the same as the amount of deferred revenue initially recorded.d. Be either the same or higher than the amount of deferred revenue initially recorded
Business
1 answer:
ira [324]3 years ago
3 0

Answer:

B. Be lower than the amount of deferred revenue initially recorded.

Explanation:

In order to record the revenue for interest paid we only recognize the revenue that is incurred that particular reporting period for example if year end is December 31st. Hence only that revenue will be part of DEC 31st financial statement that is up to that duration .

Whereas the amount exceeding way above in advance is a liability on the company and will be recognized accordingly as per the terms of payment.

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Answer:

Option C.

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Producer surplus equals the Group of answer choices amount received by sellers minus the amount paid by buyers. value to buyers
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Answer:

Option D amount received by sellers minus the cost to sellers.

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