Which of the following would not result in unearned revenue?
A) Rent collected in advance from tenants
B) Services performed on account
C) Sale of season tickets to football games
D) Sale of two-year magazine subscriptions
Correct Answer:
Verified
Q108: If a company fails to make an
Q109: The balance in the Prepaid Rent account
Q110: A company usually determines the amount of
Q111: An accumulated depreciation account
A) is a contra-liability
Q112: If business pays rent in advance and
Q114: Durawash Laundry purchased $8000 worth of supplies
Q115: Unearned revenue is classified as
A) an asset
Q116: Depreciation is the process of
A) valuing an
Q117: On July 1 Outdoor Sports Store paid
Q118: A new accountant working for Brady
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents