Unearned Revenues Are

question 122

Multiple Choice

Unearned revenues are:

• A)Revenues that have been earned and received in cash.
• B)Revenues that have been earned but not yet collected in cash.
• C)Liabilities created when a customer pays in advance for products or services before the revenue is earned.
• D)Recorded as an asset in the accounting records.
• E)Increases to retained earnings.

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Definitions:

Internal Rotation

A movement in which a limb or part of the body is rotated toward the centerline of the body.

Hot-Water Bottle

A container filled with hot water and sealed with a stopper, used to provide warmth.

Plantar Flexion

Pointing the toes downward.

Hydrotherapy

The therapeutic use of water to treat physical problems.