Multiple Choice
Unearned revenue is classified as a(n)
A) asset account.
B) revenue account.
C) equity account.
D) liability.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q11: Depreciation is the process of<br>A)valuing an asset
Q102: If supplies are recorded as assets when
Q114: Revenue is generally recognized (recorded) when there
Q115: Which of the following is true about
Q116: Which of the following accounts would not
Q117: Prepare an adjusted trial balance.
Q117: An adjusted trial balance must be prepared
Q119: Unearned revenues are<br>A)received and recorded as liabilities
Q121: Adjusting entries are needed to produce relevant
Q123: A contra asset account is subtracted from