Unearned Revenue Is A(n)

question 31

Multiple Choice

Unearned Revenue is a(n) :

• A) expense.
• B) asset.
• C) revenue.
• D) liability.

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Definitions:

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in like circumstances, leading to unintended harm.

Proximate Cause

A legal concept that identifies the primary cause of damage or injury in a negligence lawsuit, determining the extent of a defendant's liability.

Gas Cans

Portable containers designed specifically for the storage and transport of gasoline or other flammable liquids.

Foreseeable

An event or consequence that a reasonable person would expect to occur under the circumstances.