The balance of an unearned revenue account:
A. Appears in the balance sheet as a component of owners' equity.
B. Appears in the income statement along with other revenue accounts.
C. Appears in a separate section of the income statement for revenue not yet earned.
D. Appears in the liability section of the balance sheet.
D
You might also like to view...
All of the following titles refer to the Affordable Care Act (ACA) EXCEPT
A) Health Care Reform B) Obamacare C) Patient Protection and Affordable Care Act D) Patient Assistance Act
The strategic behavior theory:
A. explains the constraints of exporting and licensing. B. seeks to explain the challenges faced by a firm during the establishment of a new operation in a foreign country. C. seeks to explain the patterns of FDI flows based on the idea that FDI flows are a reflection of strategic rivalry between firms in the global marketplace. D. reviews the theories that have been used to explain foreign direct investment. E. explains how greenfield investments are better than FDI.