Failure to Record the Earned Portion of Unearned Revenue Would

question 113

Multiple Choice

Failure to record the earned portion of unearned revenue would result in which of the following?

• A)Net income being understated
• B)No effect on total liabilities
• C)Stockholders' equity being overstated
• D)Total assets being understated

---

Definitions:

Flesh

The soft substance consisting of muscle and fat between the skin and bones of an animal or a human.

Tumor

A growth of cells that occurs abnormally when cell division exceeds normal limits or when cells fail to die at the appropriate time.

Cancer

A broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells in the body.

PET

Positron Emission Tomography, a type of nuclear medicine imaging test that shows how tissues and organs are functioning.