Examlex
Assuming unearned revenues are originally recorded in balance sheet accounts, the adjusting entry to record earning of unearned revenue is:
Federal Tax Returns
Official documents filed with federal agencies to report income, calculate taxes owed, and document tax payments or refunds for a specified year.
Voluntary Petition
A document filed by an individual or business in bankruptcy court, initiating the bankruptcy process.
Chapter 7
A provision under the U.S. Bankruptcy Code allowing for the liquidation of a debtor's non-exempt assets to pay off creditors.
Automatic Stay
A provision in bankruptcy law that temporarily stops lawsuits, foreclosures, garnishments, and all collection activity against the debtor the moment a bankruptcy petition is filed.
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