When Unearned Revenue Is Finally Earned, a Revenue Account Is

question 10

True/False

When unearned revenue is finally earned, a revenue account is debited to reflect the amount of the revenue earned.

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Definitions:

Plasma

The fluid part of blood holding the blood cells in suspension, primarily composed of water and proteins.

Formed Elements

Refers to the cellular components of blood, including red blood cells, white blood cells, and platelets.

Liquid Portion

Refers to the liquid component of a mixture or substance, often used in a biological context to describe the fluid part of blood (plasma).

Plasma

The liquid component of blood, without cells, consisting mainly of water, proteins, salts, lipids, and glucose, which serves as a medium for transporting nutrients, hormones, and waste products.