Unearned revenue is reported on the income statement by subtracting it from revenue.
Answer the following statement true (T) or false (F)
False
Unearned revenue is a liability account on the balance sheet. It is not reported on the income statement.
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The listening gap is understood to be the difference between ________.
A. the speed of sound and the speed of reception B. the speed at which the brain can comprehend communication and the speed at which the average adult speaks C. the speech rate of 125 to 150 words per minute and the thought rate of 80 to 100 words per minute D. a customer explaining a problem and a customer service representative understanding it
Even when he started his first job, Galen was not content to be just one of the employees. His boss noticed that he often coached his coworkers about ways to improve their work, even when it wasn't his job. Galen probably has a
A. high need for achievement. B. high need for affiliation. C. high need for power. D. low need for achievement. E. high need for leadership.
Cost of goods sold is budgeted at 40% of sales, and the inventory at the end of February was $34,000. Desired inventory levels at the end of each month are 10% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?
Seaworthy Company, a merchandising company, has prepared the following sales budget:
A) $24,800
B) $9640
C) $96,400
D) $9920
According to Section 10 of the Federal Arbitration Act, what are the four grounds on which an arbitrator's award may be set aside?
What will be an ideal response?