When an item of revenue is collected and recorded in advance, it is normally called a(n) ___________ revenue.
A)accrued
B)prepaid
C)unearned
D)cash

Name: When an item of revenue is collected and recorded in advance, it is normally called a(n) ___________ revenue. A)accrued B)prepaid C)unearned D)cash
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Question

Quizplus · Accepted Answer

When revenue is collected and recorded in advance, it is considered unearned revenue as the service or product has not yet been provided to the customer.

When an Item of Revenue Is Collected and Recorded in Advance