Unearned Service Revenue Is a Current Liability Because the Company

question 45

True/False

Unearned service revenue is a current liability because the company is obligated to perform the service.

---

Definitions:

Q-R-S Complex

A series of deflections in an ECG representing ventricular depolarization, preceding the contraction of the ventricles.

Ventricular Depolarization

A stage in the cardiac cycle where ventricles contract, triggered by electrical impulses that precede the pumping of blood.

ECG

Electrocardiogram, a medical test that measures the electrical activity of the heart to detect heart problems.

Plethysmogram

A graph or recording that measures changes in volume within an organ or whole body (often the blood volume changes in the limbs).