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Is Unearned Revenue a Liability and How’s the Calculation Made

Jan 10, 2023

Whenever revenue is received by a company but not yet earned, the term unearned revenue or unearned income will apply. In other words, the revenue is received in advance of service or product provision. Without an exception, unearned revenue has to be recorded as a liability. If you need a very simple explanation, you can view u...

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