Which of the following is not true of unearned revenue?______.
A.Unearned revenue represents money that a company has received in advance of providing the goods or services to its customer.
B.It is considered to be owner's equity before the goods or services are provided.
C.After the goods or services are provided, the revenue is recognized and the liabilities are eliminated.
D.Magazine subscriptions are an example of unearned revenue as the cash is received in advance for the subscriptions.
A.He seldom goes there.
B.He used to go there frequently.
C.He often goes there.
D.He never goes there.
Which of the following is NOT true in the passage?
A.Surveys are important because they never give us false information.
B.Surveys can help us to know far more about the society we are living in.
C.Census is one of the many types of surveys.
D.Census can provide us with much more information besides population.
[ A] value
[ B] profit
[ C] benefit
[ D] revenue
A credit to a revenue account______.
A.decreases revenues
B.increases equity
C.decreases equity
D.increases assets
In May 1997, how much was the sales revenue of the corporation?
A.230 million
B.120 million
C.15 million
Where does the largest part of revenue come from?
A.Consumers and Salons activities.
B.Skincare products.
C.Make-up.
D.Hair care products.
The largest part of our revenue comes from Consumer and Salons activities.
A. expenditure
B. cost
C. amount
D. income