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Classify the Following Items As

Question 134

Matching

Classify the following items as:

Premises:
Fees received but not yet earned.
Property tax accrual
Fees earned but not yet received.
Accumulated depreciation.
Responses:
unearned revenue
accrued expense
accrued revenue
prepaid expense

Correct Answer:

Fees received but not yet earned.
Property tax accrual
Fees earned but not yet received.
Accumulated depreciation.
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