Unearned Revenue Is Reported on the Financial Statements As

question 166

Multiple Choice

Unearned revenue is reported on the financial statements as:

• A)A revenue on the balance sheet.
• B)A liability on the balance sheet.
• C)An unearned revenue on the income statement.
• D)An asset on the balance sheet.
• E)An operating activity on the statement of cash flows.

---

Definitions:

Memory Address

A unique identifier for a memory location where data can be stored or retrieved in a computer system.

Class Variables

Class variables are variables defined within a class of which a single copy exists, shared by all instances of the class.

Primitive Variables

Basic data types directly containing values such as int, float, and boolean.

Reference Variables

Variables that store references to the objects rather than the object itself, pointing to the location of objects in memory.