Multiple Choice
Enoch,Inc.began operations on July 1,2011.On August 1,it received $12,000 in advance for services to be performed evenly over the next 12 months.How much unearned revenue should the company report on its balance sheet at August 31,2011?
A) $12,000
B) $1,000
C) $11,000
D) $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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