Unearned Revenues Are Liabilities Because

question 210

Multiple Choice

Unearned revenues are liabilities because:

• A) no cash has changed hands.
• B) goods or services have been paid for, but not yet provided to the customer.
• C) the company is transferring them to another period for tax reasons.
• D) the customer may someday return items purchased for a refund.

Analyze the impact of technological improvements on productivity and understand the potential for diminishing returns in technology applications.

Interpret production functions and calculate marginal and average product of labor.

Evaluate the factors contributing to labor productivity differences among economies.

Identify factors that do not directly contribute to the productivity of labor.