If You See a Course Advertised That Offers a "New

question 56

Essay

If you see a course advertised that offers a "new personality in three sessions" or "six steps to love and fulfillment in marriage," you should beware of these __________.

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Definitions:

Unearned Revenue

Money received by a company for services or products which have not yet been delivered or performed.

Advance Subscription Sales

Revenue received from customers for subscriptions that are paid for before the subscription period begins.

Quarterly Journals

Publications that release issues on a quarterly basis, often academic or professional in nature, covering specific field subjects.

Journalized

Refers to the process of recording financial transactions in the chronological order of their occurrence in a company's journal, which is a primary accounting record.