Assessment $2$: $($Static$)$ Unearned revenue LO $2-7$

Unearned revenue

Multiple Choice

occurs when a Company has earned a benefit but has not yet been paid.

results in an increase in stockholder$$s equity.

occurs when a Company receives a benefit from a customer but have not yet earned that benefit.

Both occurs when a Company has earned a benefit but has not yet been paid and results in an increase in stockholder$$s equity.