Examlex
Requiring that a product labeled "mayonnaise" contains egg is an example of
Prepaid Expense
Expenses paid in advance for goods or services to be received in the future, treated as assets until they are actually consumed or expired.
Accounts Receivable
Receivables from clients to a corporation for products delivered or services rendered without payment.
Unearned Subscription Revenue
Unearned subscription revenue represents money received by a company for subscriptions or services not yet provided or delivered, recognized as a liability until the service is fulfilled.
Unearned Rent
Income received by a landlord for a period of rent not yet occurred; it's considered a liability until the service period passes.
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