What is unearned revenue and why is it considered liability

Reference no: EM13133686

What is unearned revenue and why is it considered a liability? When is unearned revenue recognized in the financial statements?

Reference no: EM13133686

Questions Cloud

Why it is important that any aldehyde used in reaction : Why it is important that any aldehyde used in Witting reaction be free of carboxylic acid impurities?

Fixed costs amount : XYZ Company's sales are $750,000 with operating profits of $130,000. If the contribution margin ratio is 40%, what did the fixed costs amount to?

What are the recognized gain or loss : Raymond exchanges a rental lake house with an adjusted basis of 200,000 and fair market value of 320,000 for a rental beach house with a fair market value of 290,000 and 30,000 cash what are the recognized gain or loss and the basis of the beach h..

When and where the potential unauthorized are occurring : Produce a report of findings with your statement of errrors and potential frauds (and reasons why). List internal controls you may want to add or enforce to reduce the likelihood of future misstatements.

What is unearned revenue and why is it considered liability : What is unearned revenue and why is it considered a liability? When is unearned revenue recognized in the financial statements?

What is happening to students scores over time : What do these different scores tell you about the tests in Weeks 1, 2, 3, and 4? What is happening to the students' scores over time?

How much will kathy blooms increase its van account : Kathy’s Blooms purchased a delivery van for $20,000. The company was given a $2,000 cash discount by the dealer, and paid $1,000 sales tax. Annual insurance on the van is $500. As a result of the purchase, by how much will Kathy’s Blooms increas..

Non-euclidean geometry on sphere : Suppose instead of working on the Euclidean plane we study geometry on a sphere in (Euclidean) three space. We interpret point to mean any point on the sphere and we interpret line to mean any great circle on the sphere (that is any circumference ..

Reaction to writing verses the videos was way off : My reaction to the writing verses the videos was way off. My rhetorical analysis of Finley was totally off. When I read the A guerilla gardener in South Central LA, I versioned Finley as an angry person who was tell his story of how he was discussed ..

User Account

All Pages