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    Financial Accounting IFRS Study Set 1
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    Exam 3: Adjusting the Accounts
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    Unearned Revenue Is Reported on the Income Statement Whereas Deferred
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Unearned Revenue Is Reported on the Income Statement Whereas Deferred

Question 238

Question 238

True/False

Unearned revenue is reported on the income statement whereas deferred revenue is reported on the statement of financial position.

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