In the case of deferred revenue, the adjusting entry at the end of the period includes a credit to Service Revenue. Assume the deferred revenue is initially recorded as a liability

_______________ provide loans directly to consumers and businesses and help borrowers obtain mortgage loans on real property.

a. Banks b. Securities firms c. Pension funds d. Finance firms e. none of the above

Deductibles serve to

A) enhance the profits of the insurance companies by denying payments on small claims. B) dissuade customers who are at high risk from purchasing insurance. C) reduce court awards for damages. D) lower premiums by eliminating the cost of handling many small claims.