Examlex
Connecting geographically remote computers in a single network to create a "virtual supercomputer" is called:
Unearned Subscription Revenue
Unearned Subscription Revenue is income received by a company for goods or services yet to be provided, recorded as a liability on the balance sheet.
Subscription Revenue
Income generated from customers paying recurrent fees for access to a product or service over a period of time.
Accounting Equation
Assets = Liabilities + Owner’s Equity.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, usually a fiscal quarter or year, to calculate net income.
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