which of the following does not apply to unearned revenues? multiple choice may also be called deferred…

which of the following does not apply to unearned revenues? multiple choice may also be called deferred revenues. they are amounts received in advance from customers for future products or services. gift cards are an example. they can result from advance ticket sales. classified as a long - term asset.

which of the following does not apply to unearned revenues? multiple choice may also be called deferred revenues. they are amounts received in advance from customers for future products or services. gift cards are an example. they can result from advance ticket sales. classified as a long - term asset.

Answer

Brief Explanations:

Unearned revenues are liabilities as a company owes goods or services in the future for the cash it has received in advance. They are not long - term assets. Gift cards, advance ticket sales are examples of unearned revenues and they are also called deferred revenues.

Answer:

E. Classified as a long - term asset.