Why do unearned revenues and customers' deposits qualify as liabilities?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

1st Edition

Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 03:19 AM

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Why do unearned revenues and customers deposits qualify as liabilities?
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Why do unearned revenues and customers' deposits qualify as liabilities?

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Both unearned revenues and customer deposits arise when the ent...View the full answer

Cornerstones of Financial and Managerial Accounting

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