Answer:
Blurring fact and fiction to find an underlying truth.
Explanation:
Using the accrual method, the unearned revenue as of December 31 is $12,000.
<h3>What is Unearned revenue?</h3>
Unearned revenue can be defined as the amount a company received from their client for the service they are yet too rendered.
Since the company has received full balance for the services not yet provided. The unearned revenue as of December 31 will be $12,000.
Reason been that the amount that the client paid the company is for a year-long contract, hence the $12,000 represent a prepayment amount for the service the company is yet too rendered to their client
Thus, using the accrual method, the unearned revenue as of December 31 is $12,000.
Learn more about unearned revenue here:
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Explanation:
Single displacement reaction is defined as the reaction in which more reactive element displaces a less reactive element from its chemical reaction. The reactivity of metal is determined by a series known as reactivity series. The metals lying above in the series are more reactive than the metals which lie below in the series
