Unearned revenues are:

Multiple Choice

Revenues that have been earned and received in cash.

Increases to equity.

Recorded as an asset in the accounting records.

Liabilities recorded when customers pay in advance for products or services.

Revenues that have been earned but not yet collected in cash.

Interim financial statements refer to financial reports:

Multiple Choice

That show assets and liabilities, but not equity.

That cover less than one year, usually spanning one, three, or six$-$month periods.

That show the assets above the liabilities and the liabilities above the equity.

Where revenues are reported on the income statement when cash is received and expenses are reported when cash is paid.

That are prepared before any adjustments have been recorded.