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Which of the following is true regarding unearned revenue? O When it is received, both assets and stockholders' equity are increased. o When it is

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Which of the following is true regarding unearned revenue? O When it is received, both assets and stockholders' equity are increased. o When it is earned, both assets and stockholders' equity are increased. O When it is earned, stockholders' equity is increased and liabilities are decreased. o When it is received, liabilities are increased and stockholders' equity is decreased. O When it is earned, liabilities and assets are increased

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