Unearned Revenues Are

question 70

Multiple Choice

Unearned revenues are

• A) cash received and a liability recorded before services are performed.
• B) revenue for services performed and recorded as liabilities before they are received.
• C) revenue for services performed but not yet received in cash or recorded.
• D) revenue for services performed and already received in cash and recorded.

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Definitions:

Apostrophe

A punctuation mark used to indicate either possession (e.g., John’s book) or the omission of letters or numbers (e.g., can’t, '90s).

Possessive Case

A grammatical construction used to indicate ownership or a relationship between entities, usually marked by an apostrophe and the letter 's'.

Indefinite Pronouns

Pronouns that refer to one or more unspecified objects, beings, or places.

Standards

Agreed-upon norms or criteria used as a reference point for quality or performance.