The Balance of an Unearned Revenue Account

question 107

Multiple Choice

The balance of an unearned revenue account:

• A)Appears in the balance sheet as a component of owners' equity.
• B)Appears in the income statement along with other revenue accounts.
• C)Appears in a separate section of the income statement for revenue not yet earned.
• D)Appears in the liability section of the balance sheet.

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Definitions:

Canadians

Citizens of Canada, a country located in the northern part of North America, known for its multicultural society and bilingual linguistic policies.

Peak Age

The age at which an individual's physical, cognitive, or developmental abilities are considered to be at their highest performance level.

Onset

The beginning or start of something, often used in the context of symptoms of diseases or disorders.

Depression

A psychological syndrome featuring a lasting gloomy mood or lack of pleasure in activities, substantially limiting functionality in daily existence.