Multiple Choice
Unearned revenues refer to a(n) :
A) Asset that will be used over time.
B) Expense incurred because a customer has paid in advance.
C) Liability that is settled in the future when a company delivers its products or services.
D) Increase in assets as a result of delivering products or services to a customer.
E) Decrease in an asset.
Correct Answer:
Verified
Correct Answer:
Verified
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