Unearned Revenue Is A(n)________ Account and Carries a Normal ________

question 219

Multiple Choice

Unearned Revenue is a(n) ________ account and carries a normal ________ balance.

• A) liability; credit
• B) asset; credit
• C) revenue; debit
• D) asset; debit

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Definitions:

Cultural Assimilation

The process by which individuals or groups from different cultures are absorbed and integrated into the predominant culture.

Cultural Integration

The process of blending and aligning the values, norms, and practices of individuals from different cultural backgrounds within an organization.

Conglomerate

A large corporation comprised of diverse and often unrelated businesses or industries, operated under one corporate group.

Acquisition

The process of obtaining control of another company by purchase or exchange of stock.