ACC 291 Wk 2 DQ 2

Apr 28th, 2015
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ACC 291 Wk 2 DQ 2

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What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements?What does your Annual Report say about unearned revenue?Companies often collect monies in advance of providing goods or services. Examples of such companies are magazine publishers sell subscriptions and collect in full for the year before the magazine is sent, airlines sell tickets and receive cash before goods are delivered or services are rendered, and lawyers require retainers before services are provided and which

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