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Which of the following describes the classification and normal balance of the unearned revenue account? It is a revenue account that normally has a credit
Which of the following describes the classification and normal balance of the unearned revenue account?
It is a revenue account that normally has a credit balance.
It is an equity account that normally has a debit balance.
It is a liability account that normally has a credit balance.
It is a revenue account that normally has a debit balance.
It is an asset account that normally has a debit balance.
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
