Unearned Revenues Are

question 11

Multiple Choice

Unearned revenues are:

• A) Revenues that have been earned and received in cash.
• B) Revenues that have been earned but not yet collected in cash.
• C) Liabilities created when a customer pays in advance for products or services before the revenue is earned.
• D) Recorded as an asset in the accounting records.
• E) Increases to owners' capital.

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Definitions:

Posterior

Referring to the back or rear part of the body or a structure, opposite of anterior.

Back of Body

Refers to the posterior aspect of the body which includes structures and parts on the outward-facing side when in a standard anatomical position.

Cephalic

Pertaining to the head or the head end of the body, often used in medical and biological contexts to describe location or direction.

Head

The upper part of the human body, or the leading or front part of something.