Unearned revenue is reported as:
A: A revenue on the statement of financial position.
B: A liability on the statement of financial position.
C: An asset on the statement of financial position.
D: An operating activity on the statement of cash flows.
A: A revenue on the statement of financial position.
B: A liability on the statement of financial position.
C: An asset on the statement of financial position.
D: An operating activity on the statement of cash flows.
举一反三
- Unearned revenue is reported in the financial statements as: A: A revenue on the balance sheet. B: A liability on the balance sheet. C: An unearned revenue on the income statement. D: An asset on the balance sheet. E: An operating activity on the statement of cash flows.
- Which financial statement reports the financial position of a company at a point in time? A: Balance sheet B: Statement of owner’s equity C: Cash flow statement D: Income Statement
- Loans A: Statement of profit or loss B: Statement of financial position
- Of the following, which is not an alternative title for the income statement? A: Earnings statement B: Statement of Operations C: Profit and Loss Statement D: Statement of Financial Position
- The CORRECT data flow from one financial statement to the next is: A: statement of retained earnings, income statement, balance sheet, statement of cash flows. B: balance sheet, statement of retained earnings, income statement, statement of cash flows. C: statement of retained earnings, income statement, statement of cash flows, balance sheet. D: income statement, statement of retained earnings, balance sheet, statement of cash flows.