Question
Why would the unearned revenue account need to be adjusted at the end of the period? a) liabilities are unrecordable b) revenue has been recorded
Why would the unearned revenue account need to be adjusted at the end of the period?
a) liabilities are unrecordable
b) revenue has been recorded , and cash has not yet been received.
c) assets would otherwise be understated
d) revenue that had been defered is now earned.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar, Madhav T. Rajan, Chris M. Ittner
13th Edition
0131355589, 978-0131355583
