Unearned Revenue

question 189

Multiple Choice

Unearned revenue:

• A) Appears on the income statement as income.
• B) Appears on the income statement as a reduction to income.
• C) Appears on the income statement as a liability.
• D) Appears on the statement of financial position as a liability.

---

Definitions:

Ganglion Cell Axons

The nerve fibers originating from ganglion cells in the retina, converging to form the optic nerve, and transmitting visual information to the brain.

Cerebral Area

Specific regions within the brain responsible for various functions including memory, speech, sensation, and decision making.

Optic Nerve

A nerve that transfers sight-related information from the retina to the brain.

Macular Degeneration

A disease that deteriorates the central portion of the retina, leading to loss of central vision.