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    College Accounting Study Set 5
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    Exam 14: Adjustments and the Work Sheet for a Merchandising Business
  5. Question
    Unearned Revenue Is Reported as A(n)
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Unearned Revenue Is Reported as A(n)

Question 67

Question 67

Multiple Choice

Unearned revenue is reported as a(n)


A) current liability on the balance sheet.
B) contra-asset account on the chart of accounts.
C) owner's equity account on the work sheet.
D) asset on the balance sheet.

Correct Answer:

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