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 correct sequence of the events is the following:
1. Sputnik I was the first artificial Earth satellite. The Soviet Union's Sputnik 1 satellite took to the skies on Oct. 4, 1957.
2. NASA was formed - The National Aeronautics and Space Administration (NASA) agency was was created in 1958 from NACA (National Advisory Committee for Aeronautics)
3. The Soviet pilot and cosmonaut Yuri Alekseyevich Gagarin completed an orbit of the Earth on 12 April 1961.
4. The astronaut John Glenn orbits the Earth on February 20, 1962.
Neil Armstrong lands on the moon,
Answer:
He proposed three components to our personality: the id, ego, and superego. The job of the ego is to balance the sexual and aggressive drives of the id with the moral ideal of the superego. Freud also said that personality develops through a series of psychosexual stages.