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
