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:

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The final stage in a negotiation, sales process, or interaction where an agreement is reached, or a transaction is finalized.

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