On the Work Sheet, the Adjusted Balance of Unearned Revenue

question 92

Multiple Choice

On the work sheet, the adjusted balance of Unearned Revenue appears in the

• A) Income Statement Debit column.
• B) Income Statement Credit column.
• C) Balance Sheet Debit column.
• D) Balance Sheet Credit column.
• E) Trial Balance Debit column.

---

Definitions:

Nonprofit Corporation

An organization formed for purposes other than generating a profit, where none of its income is distributed to its directors or officers.

Ultra Vires

Acts or decisions made by an entity that are beyond the powers conferred by its constitution, charter, or laws.

Lend Money

The act of giving money to another party with the expectation that it will be paid back, usually with interest, over time.

Good Faith

Acting with honesty and sincerity without any intention to defraud or seek unfair advantage.