What Type of Account Is Unearned Revenue

question 33

Multiple Choice

What type of account is unearned revenue?

• A) shareholders' equity
• B) liability
• C) asset
• D) expense

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Definitions:

Antheridia

Male reproductive structures in ferns, mosses, and some algae, which produce and release sperm.

Archegonia

Egg-producing structures, as in the moss life cycle.

Gametophyte

Haploid generation of the alternation-of-generations life cycle of a plant; produces gametes that unite to form a diploid zygote.

Alternation of Generations

A reproductive cycle of certain plants and algae that involves a regular alternation between two distinct forms: the sexual phase (gametophyte) and the asexual phase (sporophyte).