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alexdok [17]
2 years ago
12

Unearned fees appear on the a.income statement as revenue b.balance sheet in the current assets section c.balance sheet in the o

wner's equity section d.balance sheet as a current liability
Business
1 answer:
ZanzabumX [31]2 years ago
4 0

Answer:

The answer is D. balance sheet as a current liability

Explanation:

Unearned fee is the amount that has been collected before rendering a service. For example, a customer paid in advance for goods that have been delivered, a football season ticket holder. The full service has not been rendered. So it is recognized as a liability because the customer can terminate the contract anytime.

As the service is being rendered, maybe monthly, quarterly or weekly, revenue is recognized and unearned fee decreases.

For example, a customer paid a $12,000 on Jan 1. for monthly delivery of magazine for a year. Here, the customer paid for a service that last till Dec 31st.

What will be recognized as revenue monthly is $1,000($12,000/12months) and unearned revenue too decrease by $1,000 monthly

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3 years ago
7.
lina2011 [118]

Answer:

I think it would be either B or C

I can't tell between those too I'm sorry

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The ________ is responsible for monitoring the money supply and the general stability and safety of the u. s. banking system.
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The Federal Reserve is responsible for monitoring the money supply and the general stability and safety of u. s. banking system.

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Learn more about Federal Reserve here brainly.com/question/25817380

#SPJ4

8 0
1 year ago
Why is brainly such a stupid app? Why did I have to get my email address? Why is my question not popping up? Where's the answer?
skelet666 [1.2K]

why are you so weaird

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