Unearned Revenues Are Classified as Liabilities

question 229

True/False

Unearned revenues are classified as liabilities.

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Definitions:

Instinct

The innate inclination of a living organism towards a particular complex behavior.

Reflex

An unlearned, involuntary action or movement in response to a stimulus. A reflex occurs without conscious thought.

Cephalocaudal

A principle of development that describes growth and development that begins at the head and progresses downward towards the feet.

Proximodistal

A pattern of development where growth starts at the center of the body and moves towards the extremities.