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Elza [17]
2 years ago
5

Which of the following statements regarding the income statement columns on the worksheet is false?

Business
1 answer:
Alex2 years ago
5 0

Unearned revenue is recorded as a liability on a company's balance sheet.

What is an income statement?

A company's revenues, expenses, and profitability are summarized in an income statement over time.

On a company's balance sheet, unearned revenue is recorded as a liability.

It is also known as a profit-and-loss (P&L) statement or an income statement.

It shows your revenue from selling products or services as well as your expenses for generating revenue and running your business.

Hence option b is correct as stated above.

Learn more about income statements here.
brainly.com/question/13463210

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3 0
3 years ago
Please and thank you
uysha [10]

1. Annual percentage rate

2. Secured card

3. Cash advance

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I hope this helps!

5 0
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Read 2 more answers
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Rudiy27

Answer:

D. Limited Partnership

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Sole proprietorship is business owned , run & managed by single owner. Partnership is a business owned , run & managed by small group of people - deciding to share its profits .

Entrepreneurs in these have Unlimited Liability on personal assets, in case business assets are insufficient to settle business liabilities .

Corporation is a separate legal entity, distinct from its huge group of owners , guided by a board of directors. In case of any claim / sue case : it is against corporate entity & not the people, so they don't have any unlimited liability risk on personal assets to fulfil company's claims .

5 0
3 years ago
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