Questions
ACCT*2200*W04 midterm- Requires Respondus LockDown Browser
Single choice
Unearned revenue is a ___account.
Options
A.current asset
B.revenue
C.liability
D.non-current asset
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Step-by-Step Analysis
Question restatement: Unearned revenue is a ___ account.
Options:
- current asset
- revenue
- liability
- non-current asset
Option 1: current asset. This would imply that the company has a future economic benefit that it controls currently. However, unearned revenue represents money received before goods or services are delivered, creat......Login to view full explanationLog in for full answers
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