Acompany receives a $50,000 cash deposit from a customer on october 15 but will not provide services until november 20. which of the following statements is true?
a. the company records cash collection on november 20.
b. the company records service revenue on october 15.
c. the company records nothing on october 15.
d. the company records deferred revenue on october 15.

d. The company records deferred revenue on October 15.

Explanation:

The company must recognize cash collection for 50,000 because the cash is actually in its possession. It will do so against a liability called Deferred Revenues.

So the accountable record will be: Cash debit for 50,000 and Deferred Revenues credit for 50,000.

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

member since : 02/13/2017, 18: 11

questions answered: 9741

questions asked: 162

no. of brainliest answers: 1575

brainliest answers in last 30 days: 10

warnings: 0 view

questions/answers reported: 2637

questions/answers incorrectly reported: 64

look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

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