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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Because they need the money for other necessities such as paying rent, insurance, living expenses, transportation, and even paying for college and books for college. and it’s likely they are making minimum wage if they have a job so it is hard to keep up and pay that much per month
i believe the answer is D because spinner 1’s probability is 1/2
