Which of the following companies would usually not have an unearned revenue account?
A)Magazine publishing company
B)Property management company
C)Airline
D)Hardware Store

Question

Quizplus · Accepted Answer

Unearned revenue is a liability account that represents advance payments received from customers for goods or services that have not yet been delivered or provided. A hardware store usually sells products that are delivered at the time of purchase, so they would not have an unearned revenue account.

Which of the Following Companies Would Usually Not Have an Unearned