Multiple Choice
When the balance of the Unearned Revenue account decreases during an accounting period:
A) Accrual-basis revenues exceed cash collections from customers.
B) Accrual-basis expenses exceed cash collections from customers.
C) Accrual-basis revenues are less than cash collections from customers.
D) Accrual-basis net income is less than cash-basis net income.
Correct Answer:

Verified
Correct Answer:
Verified
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