Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
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