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Which of the following transactions is considered unearned revenue? I. Salaries that employees have earned but not received II. Management fees received in advance III.

Which of the following transactions is considered unearned revenue? I. Salaries that employees have earned but not received II. Management fees received in advance III. Newspaper advertising that has been purchased but has not yet appeared in the newspaper A. I only B. II only C. III only D. Both II and

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