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.
举一反三
- Unearned revenue is reported in the financial statements as: A: A liability on the balance sheet. B: A revenue on the balance sheet. C: An unearned revenue on the income statement. D: An asset on the balance sheet.
- The<br/>balance of an unearned revenue account(): A: Appears<br/>in the balance sheet as a component of owners' equity. B: Appears<br/>in the income statement along with other revenue accounts. C: Appears<br/>in a separate section of the income statement for revenue not yet<br/>earned. D: Appears<br/>in the liability section of the balance sheet.
- 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.
- 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.
- Which statement summarizes financial performance resulting from income (revenue and gains) less expenses (including losses). A: Balance sheet B: Income statement C: Cash flow statement
内容
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For the adjusting accounts for fixing revenue like the following entry:Unearned Fixed Revenue……2000Fixed Revenue ……………2000NOT making the adjustment would __________ revenue and net income by $2000 in the income statement and ________ unearned revenue and ______ equity by $2000 in the balance sheet. A: understate, understate, understate B: understate, overstate , overstate C: overstate, overstate, overstate D: understate, overstate, understate
- 1
Accounts payable appear on which of the following statements? ( ) A: Balance sheet. B: Income statement. C: Statement of owner's equity. D: Statement of cash flows.
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Which accounts appear on which financial statement? A: Balance sheet: Receivables, land, payablesIncome statement: Revenues, supplies B: Balance sheet: Cash, revenues, landIncome statement: Expenses, payables C: Balance sheet: Cash, receivables, payables Income statement: Revenues, expenses D: Balance sheet: Expenses, payables, cash Income statement: Revenues, receivables, land
- 3
The balance sheet is one of the three (income statement and statement of cash flows being the other two) core financial statements used to evaluate a business.
- 4
which of the following are the key financial statements required to be published? ( ) A: Balance sheet B: Income statement C: Statement of cash flows D: Management report