Which Financial Statement Shows Unearned Revenue

question 13

Multiple Choice

Which financial statement shows Unearned revenue?

• A)Income statement
• B)Statement of changes in shareholders' equity
• C)Statement of cash flows
• D)Balance sheet

---

Definitions:

Interest Payable

The amount of interest on borrowed funds that a company owes to its creditors but has not yet paid.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.

Accounts Payable

Liabilities or amounts owed by a company to suppliers for goods and services received but not yet paid for.

Inventory

The total amount of goods and materials held by a company, intended for sale or production.