When customers pay in advance for a work yet to be performed, the company performing the work records a(n):

a. prepaid revenue
b. prepaid expense
c. accrued expense
d. accrued revenue
e. unearned revenue

Answer: e. unearned revenue

Business

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Vertical partitioning means distributing the columns of a table into several separate physical records

Indicate whether the statement is true or false

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