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.
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The given statement is False. Baker, Schultz, and Halstead argue that the United States can reap significant strategic and economic benefits by investing in cleaner energy technologies and supporting international efforts to reduce carbon emissions.
Carbon emissions are the primary cause of global climate change. It is widely acknowledged that in order to avoid the worst effects of climate change, the world must urgently reduce emissions. However, how this responsibility is distributed among regions, countries, and individuals has long been a source of contention in international discussions.
This debate stems from the various ways emissions are compared, including annual emissions by country, emissions per person, historical contributions, and whether or not they account for traded goods and services. These metrics can tell a variety of stories.
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