Asked by
Brooke Fiore
on Oct 15, 2024
Verified
Unearned revenues are amounts received in advance from customers for future products or services.
Unearned Revenues
Income received by a company for goods or services yet to be delivered or performed.
- Familiarize yourself with the factors that constitute a liability and its definition.
- Determine and discern distinct kinds of liabilities.
Verified Answer
SK
Learning Objectives
- Familiarize yourself with the factors that constitute a liability and its definition.
- Determine and discern distinct kinds of liabilities.