Unearned revenue on the books of one company is likely to be
a. a prepaid expense on the books of the company that made the advance payment.
b. an unearned revenue on the books of the company that made the advance payment.
c. an accrued expense on the books of the company that made the advance payment.
d. an accrued revenue on the books of the company that made the advance payment.
Ans: a. a prepaid expense on the books of the company that made the advance payment.
You might also like to view...
Which of the following is a multivariate statistical procedure to reduce a set of variable to a smaller set that retains most of the information of the original set?
A) cohort analysis B) regression analysis C) cluster analysis D) factor analysis
Searching for a single answer and the assumption that others should meet their own goals are ways to create value
Indicate whether the statement is true or false