Time Warner Is a Publishing and Communications Company,specializing in Magazines,cable

question 127

Multiple Choice

Time Warner is a publishing and communications company,specializing in magazines,cable television operation,television program development,and other telecommunication services.Its financial statements show $37,666 in an account called Unearned Revenue,which represents amounts that customers have paid in advance of receiving magazines,cable television,and internet services.What type of account is this and on what statement is it reported?

• A) Asset; Balance Sheet
• B) Liability; Balance Sheet
• C) Revenue; Balance Sheet
• D) Revenue; Income Statement

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Definitions:

Effective Teams

Groups of individuals working collaboratively towards a common goal, characterized by clear communication, mutual support, and strong coordination.

Clear Sense

The ability to understand or interpret something in a way that is free from doubt or ambiguity.

Consensus

General agreement among all members of a group or team.

Content Management System

Software that enables users to create, manage, and modify content on a website without needing specialized technical knowledge.