How unearned revenue works- when this account is used and how unearned revenue change into revenue.

May 5th, 2015
Studypool Tutor
Price: $5 USD

Tutor description

Understand how unearned revenue works- when this account is used and how unearned revenue actually translates to earn revenue and how unearned revenue impacts cash flow.

Word Count: 528
Showing Page: 1/2
Question :Understand how Unearned Revenue works - when this account is used and how unearned revenue actually translates to earned revenue and how unearned revenue impacts cash flow?Answer: Unearned revenue(deferred revenue) refers tofunds received by a seller for goods or services not yet delivered to the buyer. This article further defines and explains unearned revenue and deferred revenue, with numerical examples.The unearned revenue situation is familiar in many kinds of businesses. For example:When the purchaser of land or other real estate makes an initial deposit on the prop

Review from student

Studypool Student
" Excellent work as usual "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1831 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors