non-current liabilities

what is long term debt?

loan amounts with original maturity of more than one year expected to be paid back at least one year after the balance sheet date. INTEREST IS CHARGED

what are deferred revenues?

a liability

cash received from a customer IN ADVANCE of providing goods or services

(kind of the liability/opposite form of prepaid expenses)

what are other names for deferred revenue?

-unearned revenue

-contract liability

what kind of companies report deferred revenues?

when the customer pays in advance

ex: airlines, subscription services

how is deferred revenue measured in the balance sheet?

the amount of cash received

how does deferred revenue exit the balance sheet?

the good is provided or the service is rendered