Unearned Revenue is classified as a(n)
a. revenue account.
b. expense account.
c. liability account.
d. contra revenue account.
e. asset account.
Question 2
Assume that the town of Beatrice earned the following during the year:
Charges for services in public works of 289,000
Public safety operating grants of 100,000
Property taxes of 1,950,000
Interest earned on restricted grants
of 5,750
Interest earned on unrestricted grants of 3,250
Public works capital grants of 310,000
Sales taxes of 425,000
Based on this information and assuming all revenues were earned, governmental activities general revenues for the year would be
a. 3,083,000
b. 704,750
c. 1,950,000
d. 2,378,250
e. 2,384,000
Drugs can be classified as prescription or over-the-counter (OTC) drugs
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ...
A company that makes environmental measuring devices has calculated their revenue and costs as ...
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...