Unearned Revenues Are Generally

question 228

Multiple Choice

Unearned revenues are generally:

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

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