The Deferred Revenue account is shown in which statement?

A) Income statement.

B) Statement of cash flows.

C) Balance sheet.

D) Statement of stockholders' equity.

Answer: C

Which of the following current liabilities does not involve the future payment of cash?

A) Interest Payable.

B) Deferred Revenue.

C) Accounts Payable.

D) Salaries Payable.

Answer: B