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![Is Unearned Revenue a Contra Asset? | eHow]()
www.ehow.comAlmost all accounting is done on either a cash basis or an accrual basis. Cash basis accounting means that costs and revenues are recorded on the accounts when cash is either paid out or received for those transactions. In contrast, accrual basis accounti瀏覽：1087 -
![Unearned Revenue Definition | Investopedia]()
www.investopedia.comWhen an individual or company receives money for a service or product that has yet to be fulfilled. Unearned revenue can be thought of as a "pre-payment" for goods or services which a person or company is expected to produce to the purchaser. As a result瀏覽：813
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日期：2024-08-07
(In millions) June 30, 2013 2012 Volume licensing programs $ 18,871 $ 16,717 Other (a) 3,528 3,342 Total $ 22,399 $ 20,059 (a) Other as of June 30, 2012 included $540 million of unearned revenue associated with sales of Windows 7 with an option to ......
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日期：2024-08-07
unearned revenue(s) A liability account that reports amounts received in advance of providing goods or services. When the goods or services are provided, this account balance is decreased and a revenue account is increased. To learn more, see Explanation ...
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日期：2024-08-10
Note that the remaining $5,000 in unearned revenue will remain a liability and decline as the contracted services are provided. At the end of the sixth month, the unearned revenue will be zero. Example 2: The Fox Valley School (FVS) system purchases a lib...
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日期：2024-08-09
Unearned revenue is prepaid revenue. In essence, the customer pays in advance for services that have not yet been performed by the recipient of the payment. Is Unearned Revenue an Asset or a Liability? Unearned revenue is a liability for the recipient of ...
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日期：2024-08-06
Unearned revenue (also known as deferred revenue/income) is the exact opposite of accrued income. It represents revenue already collected but not yet earned... ... By debiting Service Income for $24,000, we are decreasing the income initially recorded. Th...
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日期：2024-08-09
What is unearned or deferred revenue? How is the liability associated with it calculated? Read to find all the answers. ... It's the revenue and profit generated by a company, which drive its future performance. There is a certain part of revenue, known a...
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日期：2024-08-12
unearned premium revenue A liability account that reports an insurance company's premiums received from its insured that have not yet been earned. For example, if the insurance company receives $600 on January 27 for an insured's insurance coverage for th...
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日期：2024-08-06
Airline tickets paid for before the flight represent uneaned revenues for the Airline until the flight is delivered. Upon ticket purchase, airline accountants credit an unearned revenue account. That account is debited when the flight occurs....
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