« previous next »

Author Question: If revenue is earned over two fiscal periods, one should initially credit the Unearned Revenue ... (Read 15 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
on: Jul 6, 2018
If revenue is earned over two fiscal periods, one should initially credit the Unearned Revenue account.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

The Unearned Revenue adjustment can occur only in merchandising businesses.
 a. True
   b. False
   Indicate whether the statement is true or false


Kdiggy

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 6, 2018
Answer to Question 1

True

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Shifts between Warm and Cold Periods during the Last 3 Million Years Shifts between Warm and Cold Periods during the Last 3 Million Years
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
Ice cores: Periods of rapid climate change especially in North Atlantic Ice cores: Periods of rapid climate change especially in North Atlantic
The fiscal policy to counter an inflationary gap is a(n) The fiscal policy to counter an inflationary gap is a(n)
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Global warming and its effect on climate change

For a complete list of videos, visit our video library