In inflation, a dollar received now can purchase more than a dollar received five years from now

Amounts earned from delivering goods or services to customers are called ________

A) notes receivable B) unearned revenues C) equity D) revenues

Which of the following is not true about the UCC?

A) The UCC is a federal statute passed by Congress in 1953 that covers most aspects of commercial transactions. B) The UCC is continually being revised to reflect changes in modern commercial practices and technology. C) The UCC is divided into articles, with each article establishing uniform rules for a particular facet of commerce in the United States. D) The UCC is a model act that contains uniform rules that govern commercial transactions.