Unearned Fees Appear on the

question 41

Multiple Choice

Unearned Fees appear on the

• A)balance sheet in the current assets section
• B)balance sheet as a current liability
• C)balance sheet in the shareholders' equity section
• D)income statement as revenue

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Definitions:

Cousin

A relative with whom a person shares one or more common ancestors, but typically someone outside of a person's immediate family.

Bootstrapping

The process of building or starting a business with no outside investment, funding, or support.

Personal Credit Card

A card issued to individuals that allows them to borrow funds, usually at point of sale, with the promise to repay.

Construction Shop

A specialized retail or wholesale business that supplies materials, equipment, and tools for construction projects.