The Balance Sheet for Microsoft dated 6/30/15 is showing both short-term unearned revenue and long-term unearned revenue. Why do they use both of these accounts versus just one that is contained in the current liabilities?

1. The accountants needed more work to do, so they added an account.

2. A portion of the unearned revenue will be recognized in less than 12 months and the remaining portion will be recognized after the next 12 months.

3. Microsoft chose to delay the recognition of this revenue in order to select when they would recognize it in future years when they need to increase net income.