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Simpson Company received $14,000 in unearned revenue on December 1, 2019 for work it will do over the next 14 months. Which of the following
Simpson Company received $14,000 in unearned revenue on December 1, 2019 for work it will do over the next 14 months. Which of the following would correctly state Simpson's annual financial statements at December 31, 2020. $2,000 in unearned revenue: $12,000 in revenue $1,000 in unearned revenue: $13,000 in revenue $2,000 in unearned revenue: $13,000 in revenue $0 in unearned revenue: $12,000 in revenue $1,000 in unearned revenue: $12,000 in revenue
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