Unearned Revenue Would Be Classified as A(n)________ Account

question 44

Multiple Choice

Unearned revenue would be classified as a(n) ________ account.

• A) liability
• B) asset
• C) revenue
• D) equity

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Definitions:

Nationalize

The process by which a government takes ownership and control of a private industry or assets, typically for the purpose of redistributing wealth and maintaining essential services.

Conservation Movement

A progressive reform movement focused on the preservation andsustainable management of the nation’s natural resources.

Progressive Thrust

An impetus or drive towards reform and improvements in societal, political, or economic issues aiming for progress.

Efficiency

The ability to accomplish a task or job with the minimum expenditure of time and effort.