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How does unearned revenue arise? Can it be classified properly as a current liability? If so, why? Give examples of business activities that result in

How does unearned revenue arise? Can it be classified properly as a current liability? If so, why?

Give examples of business activities that result in unearned revenue. Additionally, explore the potential ramifications of recognizing unearned revenue on the validity of the financial statement and, potentially, the price of the stock.

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