Which of the Following Would Not Result in Unearned Revenue

question 62

Multiple Choice

Which of the following would not result in unearned revenue?

• A) Rent collected in advance from tenants
• B) Services performed on account
• C) Sale of season tickets to football games
• D) Sale of two-year magazine subscriptions

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Definitions:

Year End

The end of a fiscal year or accounting period, at which time companies close books and prepare financial statements.

Exchange Loss

A financial loss resulting from foreign exchange rate fluctuations when converting foreign currency transactions into the domestic currency.

Transaction Date

The date on which a transaction actually takes place, often used in the context of financial trades or agreements.

Other Comprehensive Income

Revenues, expenses, gains, and losses that are not included in net income, but instead are recorded directly to shareholders' equity.