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Bill received a poor performance evaluation in his job last year. Since then Bill has started working through his lunch hour, he has taken on four special projects, and enrolled in night classes to upgrade his computer skills. If Bill receives a better evaluation at his next performance it will be hard for him to figure out why because
Unearned Service Revenue
Income received by a company for services that have not yet been performed, considered a liability until the service is provided.
Service Revenue
Income earned by a company for the services it provides to its customers.
Cash
The most liquid asset, representing currency or its equivalent that can be accessed immediately or near-immediately.
Interest-Bearing Note
A debt instrument where the borrower pays the lender interest over the life of the note, in addition to repaying the principal amount.
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