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From course:

Basic Financial Accounting Short Questions

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Question:

What is an "unearned revenue"? Select one alternative: A An expense which has been paid in advance, the benefits from which will be received in the next period B A revenue received in advance which creates a liability C A revenue has been earned but has not yet been recorded D An expense has been incurred but has not yet been recorded

Author: Gonza R



Answer:

B A revenue received in advance which creates a liability


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Gonza R
Gonza R