The Balance of an Unearned Revenue Account

question 107

Multiple Choice

The balance of an unearned revenue account:

• A)Appears in the balance sheet as a component of owners' equity.
• B)Appears in the income statement along with other revenue accounts.
• C)Appears in a separate section of the income statement for revenue not yet earned.
• D)Appears in the liability section of the balance sheet.

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Definitions:

Family Relationships

Emotional, social, and biological connections among family members, which can significantly influence individual behavior and mental health.

Genetic Material

The molecules inside cells that carry genetic information, essential for inheritance and controlling the cells' functions.

Monozygotic Twins

Twins that originate from a single fertilized egg, sharing identical genetic material.

Dizygotic Twins

Also known as fraternal twins, are two siblings born from separate eggs fertilized by separate sperm cells, sharing about 50% of their genes.