Unearned Revenue Is a Liability Account

question 62

True/False

Unearned Revenue is a liability account.

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Definitions:

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Unconditioned Stimulus

In classical conditioning, an unconditioned stimulus is something that naturally and automatically triggers a response without the need for prior learning.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, evokes a conditioned response.

Unconditioned Response

A spontaneous, innate response to a stimulus that happens without any previous conditioning or learning.