Question 16? mpany offers customers a reduced price for lawn care if they pay for 6 months service in advance. In Marccollects $270,000 cash for services to be provided from April through September. ABCrecognizes revenue proporticmonth period. What is ABC's unearned revenue liability as of August 31?QUESTION 16When customers use national credit cards to make purchases from a retailer, which of the following is not true?O a. The retailer absorbs any losses from accounts the credit card company cannot collect from customers.Ob. The retailer ives cash from the credit card company within a day or two.Oc. The credit card issuer is responsible for maintaining customer accounts.Od. The retailer receives less cash than the amount of revenue it recognizes.QUESTION 17ABC Corporation reported net income of $15,000 for the year 2020. Over the course of that year, certain balancechanged as follows:

In terms of credit transaction the relationship exist between the bank and the customer. The bank…

QUESTION 16 When customers use national credit cards to make purchases from a retailer, which of the following is not true? a. The retailer absorbs any losses from accounts the credit card company cannot collect from customers. b. The retailer receives cash from the credit card company within a day or two. Oc. The credit card issuer is responsible for maintaining customer accounts. Od. The retailer receives less cash than the amount of revenue it recognizes.