For revenues earned over an extended time period, a company should disclose the unearned revenue.

Name: For revenues earned over an extended time period, a company should disclose the unearned revenue.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Unearned revenue is a liability representing revenue received before services are performed or goods are delivered, and it must be disclosed in financial statements to provide a clear picture of a company's financial position.

For Revenues Earned Over an Extended Time Period, a Company