25) Using the alternative treatment, no adjusting entry is needed if ________.

A) the business earns all of the revenues in the same accounting period the cash was received from the customers who paid for services in advance

B) the entry was originally recorded as an unearned revenue

C) the entry was not recorded when the cash was received in advance from customers

D) no adjusting entry is every needed when using alternative treatment

26) Using the alternative treatment, a deferred revenue is recorded initially as a(n) ________.

A) asset

B) expense

C) revenue

D) all of the above

27) Using the alternative treatment, if an amount is still left in service revenue that is not earned by the end of the accounting period, it must be adjusted and transferred from Service Revenue to ________.

A) Cash

B) Revenue Payable

C) Accounts Payable

D) Unearned Revenue