The adjusting entry for unearned revenue always involves an asset account and a revenue account.
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Q85: Prepaid expenses are often referred to as
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Q87: A liability that the business has incurred
Q88: Non-current assets are those debts payable in
Q89: The debt ratio is calculated as follows:
Q91: Allocating the cost of long-lived tangible assets
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Q93: Current assets are assets that the business
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Q95: "Closing the books" adjusts the balances of
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