Unearned Revenues Are Generally

question 217

Multiple Choice

Unearned revenues are generally:

• 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 common stock.

---

Definitions:

Congress

The legislative branch of the United States federal government, consisting of the House of Representatives and the Senate.

President Trump

Donald J. Trump, the 45th President of the United States, served from January 2017 to January 2021, known for his policies on immigration, trade, and his active use of social media.

Obama Administration

The executive branch of the U.S. government from 2009 to 2017 under the presidency of Barack Obama, known for significant healthcare reform and financial regulatory reform.

American Health-care System

The combination of institutions, healthcare providers, and payment mechanisms in the United States aimed at delivering healthcare services to citizens.