Unearned Revenue Is a Prepayment That Requires an Adjusting Entry

question 35

True/False

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

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Definitions:

Adverbs

Words that modify verbs, adjectives, or other adverbs, typically expressing manner, place, time, frequency, degree, level of certainty, etc.

Concise

Expressing or covering much in few words; brief in form but comprehensive in scope.

Self-contained

Describes something that is complete within itself and does not require external assistance or resources.

Parallel Construction

The use of successive verbal constructions in poetry or prose that correspond in grammatical structure, sound, meter, meaning, etc.