Unearned revenue is always a (an) a. Asset b. Revenue c. Liability d. Owner's equity because you

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Unearned revenue is always a (an)

a. Asset

b. Revenue

c. Liability

d. Owner's equity because you collected the cash in advance

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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Question Posted: May 08, 2024 01:01 PM

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Unearned revenue is always a (an) a. Asset b. Revenue c. Liability d. Owner's equity because you

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The correct answer is c Liability Unearned revenue represents an obligation to provide goo...View the full answer

Accounting

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