Lima Co. has received $12,000 for future subscriptions to The Bean Magazine. Lima should record this amount as a(an) a. long-term investment b. earned revenue c. account receivable d. expense e. unearned revenue In 2007, Alca Co, issued a long-term note payable that would come due on May 15, 2011. On its December 31, 2010 balance sheet, this note should be classified as a(an) a. long-term liability. b. short-term liability c. intangible asset. d. long-term investment. e. expense The owners' interest in corporation is represented by a. total assets. b. long-term liabilities c. total stockholders' equity d. common stock e. revenues