A liability account that reports amounts received in advance of providing goods or services. It is about:
a. Prepaid expense
b. Liability
c. Revenue
d. Unearned revenue
e. None of these
Answer: D
A liability account that reports amounts received in advance of providing goods or services. It is about:
a. Prepaid expense
b. Liability
c. Revenue
d. Unearned revenue
e. None of these
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