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    Fundamentals of Financial Accounting
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    Exam 3: Reporting Operating Results on the Income Statement
  5. Question
    When Cash Is Received in Advance of Being Earned,a(n)______ Called
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When Cash Is Received in Advance of Being Earned,a(n)______ Called

Question 35

Question 35

Multiple Choice

When cash is received in advance of being earned,a(n) ______ called _________ is recorded.


A) liability; Unearned Revenue
B) asset; Unearned Revenue
C) liability; Accounts Receivable
D) asset; Accounts Receivable

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