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    Intermediate Accounting Study Set 7
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    Exam 4: Review of the Accounting Cycle
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    When an Unearned Revenue Is Initially Recorded as a Liability
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When an Unearned Revenue Is Initially Recorded as a Liability

Question 73

Question 73

Multiple Choice

When an unearned revenue is initially recorded as a liability, the adjusting entry includes ________.


A) a credit to a liability
B) a credit to a revenue
C) a debit to a revenue
D) a debit to an expense

Correct Answer:

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