Bollinger Innovations Inc (BINI)

[TenKay]

Fine, there are plenty of other resources out there that will tell you the same thing:

https://corporatefinanceinstitute.com/resources/accounting/deferred-revenue/

https://anderscpa.com/accounting-101-deferred-revenue-expenses/?tag=startup

https://www.accountingcoach.com/blog/deferred-revenue

https://strategiccfo.com/articles/accounting/deferred-revenue/?amp=1

And the list goes on…

As for your edit…that is not deferred revenue. The only deferred revenue that RM could book is if someone paid for a truck but RM had not yet delivered.

Same for Mullen…

They could only book deferred revenue if they got payment for a Vehicle they had not yet delivered. That is not the case.

The conditions you are referring to are those required to return the vehicle for a refund…and that has zero to do with “deferred revenue”.