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The opposite of Prepaid expense, an asset is Unearned revenue, a liability. What is the rationale for Unearned revenue being a liability? A. Because it
The opposite of Prepaid expense, an asset is Unearned revenue, a liability. What is the rationale for Unearned revenue being a liability?
A. Because it is the opposite of Asset
B. Because by accepting payments in advance without providing the service, an obligation is created
C. Because by accepting a liability it is the opposite of Assets
D. Because Revenue is a credit and is therefore a liability
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