When an Unearned Revenue Is Initially Recorded as a Revenue

question 8

Multiple Choice

When an unearned revenue is initially recorded as a revenue, the adjusting entry would affect net income as follows:

• A)decrease.
• B)no effect.
• C)increase.
• D)Current income is correct and next periods income is incorrect.

---

Definitions:

Authorities

Individuals or organizations that hold power in a society, making decisions, enforcing rules, and providing services.

Robert Brym

A sociologist known for his work on social movements, sociology of the internet, and social structure.

Holocaust

The mass genocide of six million Jews and millions of others by the Nazi regime during World War II.

Nazis

Members of the National Socialist German Workers' Party, a fascist political group led by Adolf Hitler, responsible for numerous atrocities during World War II.