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Cash received from a customer for unearned subscription revenue can initially be recorded as either a(n) (revenue/expense) or a(n) (liability/expense). No matter how an unearned
Cash received from a customer for unearned subscription revenue can initially be recorded as either a(n) (revenue/expense) or a(n) (liability/expense). No matter how an unearned revenue was initially recorded, after the adjusting entry, net income will be identical.
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