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Unearned Revenue Is a Prepayment That Requires an Adjusting Entry

question 249

True/False

Unearned revenue is a prepayment that requires an adjusting entry when services are performed.


Definitions:

Sierra Club

An environmental organization established in the United States, dedicated to the protection and preservation of the natural environment through advocacy and conservation efforts.

Hetch Hetchy

A valley in Yosemite National Park, controversially dammed in the early 20th century to provide water to San Francisco.

John Muir

An influential Scottish-American naturalist, author, and early advocate for the preservation of wilderness in the United States.

Sierra Club

An environmental organization in the United States dedicated to the conservation of natural environments and the promotion of sustainable energy sources.

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