The balance of an unearned revenue account:
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 23MC: Which of the following accounts would not be reported under revenue on a simple income statement? A....
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The balance of an unearned revenue account:
a Appears in the balance sheet as a component of
b Appears in the income statement along with other revenue accounts.
c Appears in a separate section of the income statement for revenue not yet earned.
d Appears in the liability section of the balance sheet.
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