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The Accountant of Ovenly Inc

question 83

Multiple Choice

The accountant of Ovenly Inc. failed to make an adjusting entry to record $6,000 of unearned service revenue that has now been earned. Assume the unearned revenue was initially recorded as a liability. Which of the following statements is true?


Definitions:

Subsidiary Human Capital

Subsidiary human capital pertains to the skills, knowledge, and competencies of employees working within a subsidiary of a larger corporation, contributing to its competitive advantage.

Specific Location

A distinct or particular place or position.

Company Knowledge

The collective information, expertise, and skills possessed by a company's workforce, including its processes, products, and market insights.

Location-Specific Experiences

Activities or services offered that are unique to a particular geographical location, often used to attract tourists or consumers.

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