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.
A: Assets.
B: Liabilities.
C: Equity.
举一反三
- Money that a business has been paid in advance for a service that will be provided later is called _____. A: accrued revenue B: accrued expense C: unearned revenue D: prepaid expense
- Owners' equity is measured by subtracting liabilities from assets. This sentence can be described as the following equation ______. A: ASSETS - LIABILITIES + OWNER'S EQUITY B: ASSETS - LIABILITIES = OWNER'S EQUITY C: OWNER'S EQUITY = ASSETS + LIABILITIES D: OWNER'S EQUITY = LIABILITIES - ASSETS
- Unearned Revenue is classified as a(n) ________ account. A: liability B: asset C: revenue D: equity
- Johnson company pays the software company $5,000 with a check that they bought. Which the following statement is true? A: Assets are increase and liabilities are increase. B: Assets are decrease and owner’s equity is decrease. C: Assets are decrease and liabilities are decrease. D: Assets are increase and owner’s equity is increase.
- The ( ) is a financial statement that summarizes a hotel’s assets, liabilities and shareholders’ equity at a specific point in time. A: income statement B: balance sheet C: statement of cash flow D: equity statement