The company should convert the unearned revenue to revenue whenever it recongize its revenue.

The company should convert the unearned revenue to revenue whenever it recongize its revenue. A: 正确 B: 错误

In the case of unearned revenue, the adjusting entry at the end of the period includes a credit to Service Revenue. Assume the unearned revenue is initially recorded as a liability.

The gross profit percentage is calculated as: A: cost of goods sold divided by net sales revenue. B: net sales revenue minus gross profit on sales. C: net sales revenue minus cost of goods sold. D: gross profit divided by net sales revenue.

An analyst does research about the accrued revenue. Accrued revenue is properly classified on a financial statement as which of the following（） A: Assets. B: Liabilities. C: Equity.

An attorney performs services of $1,100 for a client and receives $400 cash, with the remainder on account. The journal entry for this transaction would A: debit Cash, debit Service Revenue, credit Accounts Receivable. B: debit Cash, debit Accounts Receivable, credit Service Revenue. C: debit Cash, credit Service Revenue. D: debit Cash, credit Accounts Receivable, credit Service Revenue.

The matching principle requires that expenses be recorded in the same time period as when the expense actually makes its contribution to revenue. In other words, expense recognition is tied to revenue recognition.

A monopolist maximizes profits by A: producing an output level where marginal revenue equals marginal cost. B: charging a price that is greater than marginal revenue. C: earning a profit of (P - MC) x Q. D: Both a and b are correct.

Which does not belong to Non-tax revenue? A: Domestic debt revenue B: Lottery revenue C: Special revenue D: Revenue from government-managed funds

Unearned revenue is a revenue account.