« previous next »

Author Question: If revenue is earned over two fiscal periods, one should initially credit the Unearned Revenue ... (Read 26 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?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

(b) during dry periods they lose their leaves and blossoms. (b) during dry periods they lose their leaves and blossoms.
Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
Many thought ideological politics was over in the United States, but 2012 showed strong ideological Many thought ideological politics was over in the United States, but 2012 showed strong ideological
Refractory periods associated with an action potential. Refractory periods associated with an action potential.
How to calculate monthly payments at varying amortization periods (Question 3) How to calculate monthly payments at varying amortization periods (Question 3)
Light in air is initially traveling parallel to the face AC of an equilateral triangular prism, ... Light in air is initially traveling parallel to the face AC of an equilateral triangular prism, ...
Video: Cardiac Cycle (Part 1 of 4)

For a complete list of videos, visit our video library