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NEW QUESTION: 1
Company B recorded a transaction with a debit of $10,000 to deferred revenue and a credit of $10,000 to revenue. Which of the following situations BEST describes the transaction that would lead to this journal entry?
A. Company B collected $10,000 for a product that had not been delivered.
B. Company B received an order for a product at the price of $10,000.
C. Company B sold a product for $10,000.
D. Company B delivered a product for which $10,000 had already been paid.
Answer: D


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