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. Decrease in an asset.
E. Increase in assets as a result of delivering products or services to a customer.
Answer: C
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You are a landlord for an office building. You just received a claim letter from a tenant asking for a refund of $3,000 for a duplicate rent payment in June. You check your records and find out that the June rent was deducted twice from the tenant's
bank account. You think this must have been a bank error, but the double amount was transferred to your bank account. Write an adjustment letter to the tenant indicating that you are enclosing a refund check. Write only the body of the letter, omitting the letter addresses, salutation, complimentary close, and enclosure line.
Which of the following statements is false concerning goal programming?
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An e-contract must meet basic requirements that are different from those required of a paper contract
Indicate whether the statement is true or false
To resolve a lawsuit, a court must have how many different types of jurisdiction?
A) One B) Two C) Three D) Four