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madam [21]
3 years ago
7

Unearned revenues refer to a(n): Group of answer choices Asset that will be used over time. Expense incurred because a customer

has paid in advance. Liability that is settled in the future when a company delivers its products or services. Increase in revenues as a result of delivering products or services to a customer. Decrease in an asset.
Business
1 answer:
Leya [2.2K]3 years ago
7 0

Answer:

Liability that is settled in the future when a company delivers its products or services.

Explanation:

Unearned revenue is money received for a service that is yet to be provided or a product that is yet to be delivered.

Unearned revenue is recorded as a liability on the balance sheet. The reason for this is because unearned revenue represents debts owed.

Once the service is rendered, the unearned revenue is recorded on the income statement as a revenue.

Example of unearned revenue : a company offers a one year subscription to consumers. The company is earning revenue for services that is yet to be rendered

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Which of the following requirements must be met for a redemption to be treated as substantially​ disproportionate? A. The shareh
Verdich [7]

Answer:

the answer is C

Explanation:

why ? the redemption is used for marketing to define or even to know how in the future your company reach their economic profit levels,and also to the shareholder benefits,  so that's why when the company put on the market the outstanding stock , they decide how many any shareholder could get. they are looking always to increase their own business but if the company say that after redemption you must own less than 80% of his percentage ownership, its not common , nobody could get less even 50% of his own outstanding shares stock.

7 0
3 years ago
What information in a drawings title block identifies the project?
Oksi-84 [34.3K]

Answer:

/hhvkkkkkkkkkkkkkkkk

Explanation:

8 0
4 years ago
How will this be displayed in a journal entry? T-account?
nydimaria [60]

Answer:

Date         Account titles and description

20                                 No entry  

26                                 No entry  

31                                  No entry  

31                                  No entry

Explanation:

1. Only $5,500 was submitted by Brett. No incorporated financial transaction

2. Owner not prepared to pay $5.500

3. Also Brett's provision for vehicle prices to be winterised will be $75.

4. Once Brett paid the salary ' under the table, ' the employee was willing to work $3 less per hour. Salary only fee not charged or due.

Thus, no log entry as well as T accounts have been completed.

8 0
3 years ago
Read 2 more answers
When determining the level of control and independence of an employee or independent contractor, which category covers how the w
tatyana61 [14]

Answer:

A) Behavioural

Explanation:

Behavioral control refers to facts that show whether there is a right to direct or control how the worker does the work. A worker is an employee when the business has the right to direct and control the worker. The business does not have to actually direct or control the way the work is done as long as the employer has the right to direct and control the work.

8 0
3 years ago
Ariana withdrew $400,000 out of her personal savings account and used it to start her new Internet cafe. The savings account pay
Vikki [24]

Answer:

The Ariana's accounting profit for the year was $6,000

Explanation:  

Accounting Profit : The accounting profit is that profit which records the difference of total revenues and total direct cost.

Where,

Total revenues includes sales revenues

And total cost includes monetary cost, etc.

So,

Accounting profit = Total revenues - Total cost

where

Total revenues = 2,000 × $2.5 + 4,000 ×$2.5 = $15,000

Monetary cost = $9,000

So,

Accounting profit = $15000 - $9000 = $6,000

Hence, the Ariana's accounting profit for the year was $6,000

7 0
3 years ago
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