The Unearned revenue account represents the amount of ________.
A)cash paid to customers during the period
B)cash collected from customers during a period
C)goods and services sold to customers during a period
D)goods and services that a company owes its customers

Question

Quizplus · Accepted Answer

Unearned revenue represents the amount of goods and services that a company owes its customers, typically because the customers have paid in advance for these goods or services.

The Unearned Revenue Account Represents the Amount of ________