An Unearned Revenue Account Is Usually Considered to Be A(n)

question 86

Multiple Choice

An unearned revenue account is usually considered to be a(n)

• A) Liability
• B) Asset
• C) Revenue
• D) Expense

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Definitions:

Voluntary Exchange

A transaction where parties involved trade goods or services by mutual agreement, without coercion.

Mutual Gain

A situation or outcome in which all parties involved benefit or profit from the arrangement or transaction.

Potential Exchange

The possibility of trading goods, services, or other items of value between parties.

Trade

The exchange of goods, services, or both between two or more parties.