Author Question: If revenue is earned over two fiscal periods, one should initially credit the Unearned Revenue ... (Read 62 times)

Sportsfan2111

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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

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Answer to Question 1

True

Answer to Question 2

False



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