Unearned Revenue Is Classified as A(n)________ Account

question 115

Multiple Choice

Unearned Revenue is classified as a(n) ________ account.

• A) liability
• B) asset
• C) revenue
• D) equity

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Definitions:

Frequency Distribution

A summary of data showing the number (frequency) of observations in each of various non-overlapping categories or bins.

Cumulative Percent

The percentage that represents the total number of cases or instances up to a certain threshold.

10th Grade

A stage in the U.S. education system typically referring to the second year of high school education, attended by students around 15-16 years old.

Grouped Frequency Distribution

A method of displaying data by specifying the number of occurrences in each group of data.