Question

Unearned revenue

a. is recorded when services have been performed for the customer.
b. is recorded in an asset account (other than cash) when cash is received.
c. represents future revenue.
d. All of these choices are correct.

Answer 1

C

Step-by-step explanation:

Unearned revenue represents future revenue.

Answer 2

B.

Step-by-step explanation:

Unearned revenue is money received for a job that hasn't been done yet. It's money for a future service that the company will give. Obviously, it's an advantage to the Company because from a Cashflow perspective.