Question: Explain what unearned revenues are by choosing the correct statement below. Unearned revenues refer to income reported on the income statement. Unearned revenues refer to

Explain what unearned revenues are by choosing the correct statement below.
Unearned revenues refer to income reported on the income statement.
Unearned revenues refer to cash received in advance of providing a service or product.
Unearned revenues refer to customer payments which have not yet been received.
Unearned revenues refer to amounts owed to the company that have not yet been billed.
Explain what unearned revenues are by choosing

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