Unearned revenues are generally:
A) Revenues that have been earned and received in cash.
B) Revenues that have been earned but not yet collected in cash.
C) Liabilities created when a customer pays in advance for products or services before the
revenue is earned.
D) Recorded as an asset in the accounting records.
E) Increases to common stock.
C) Liabilities created when a customer pays in advance for products or services before the
revenue is earned.
You might also like to view...
When the text states that marketers need to create tools for ongoing, meaningful measurement of marketing productivity, it is referring to the need for ________.
A. responsibility B. accountability C. identification D. visibility E. subjectivity
Which of the following is true of the meeting of the creditors?
A) A meeting of the creditors is called before the court grants an order for relief. B) The bankruptcy judge cannot attend the meeting of the creditors. C) In the first meeting of the creditors, a debtor is questioned by a jury constituted for the purpose. D) Questions regarding the debtor's possible concealment of assets are not permitted during the meeting of the creditors.
Group maintenance behavior would be exhibited by a project manager who:
A) Provides the necessary support and technical assistance. B) Plans and schedules activities and resources appropriately. C) Contributes to the completion of project assignments. D) Works with subordinates to understand their problems.
Charles is an accountant at a large firm. His boss has instituted a plan designed to create high levels of task interdependence. Which of the following is an example of a trade-off resulting from this plan?
A. Charles will have less time to complete tasks he is responsible for as an individual. B. Fewer people will understand how to do tasks outside their job description. C. Charles will have less opportunity to interact with co-workers. D. Less knowledge will be shared among workers. E. The team will be less able to adapt to new situations.